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In the context of what is generally referred to as a globalizing world, we have become accustomed to speak of new forms of multilevel governance. The paradigmatic shift from government to governance signals the presumabl...

This paper uses cross-national data to examine the effects of federal fiscal and political institutions on the fiscal performance of subnational governments. Balanced budgets among subnational governments are found when ...

In the 1980s, Argentina and Brazil faced similar problems, with subnational deficits adding to excess public deficits and high inflation. In the 1990s both countries continued with fiscal decentralization and with the st...

This paper studies the optimal insurance contract between a state and the central government in a federal economy with moral hazard, risk of repudiation (given some enforceability technology) and aggregate uncertainty. A...

An important piece of the major fiscal and structural reforms undertaken in Argentina in the early 1990's was the decentralization of education services from the federal government to the provincial governments. The theo...

The theory of fscal federalism makes a strong case for decentralizing government functions in order to enhance efficiency in allocating public goods vvhere preferences differ among regions. Under political considerations...