On the Theory and Practice of Fiscal Decentralization

By W. Oates. 2006

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Automobile Externalities and Policies (2007, background): “The federal cost share in these projects, which ranges up to 90%, is difficult to justify by appealing to the benefits accruing to citizens of other states (Wallace Oates 2006).”
Dynamic Commitment and the Soft Budget Constraint: An Empirical Test (2010, background): “The soft budget constraint currently constitutes a central policy issue in discussions related to the loan programs of the International Monetary Fund (Rogoff 2002 and Lane and Phillips 2001), in transition economies (Maskin and Xu 2001 and Djankov and Murrell 2002), and in the debate about fiscal d”
Vertical fiscal imbalances and fiscal performance in advanced economies (2013, background): “Allowing subnational governments to access own revenue through local taxation is seen as essential to promoting fiscal discipline (Oates, 2006; IMF, 2009; Blöchliger and Petzold, 2009).”