Stabilizing Intergovernmental Transfers in Latin America : A Complement to National/Subnational Fiscal Rules?

Stabilizing Intergovernmental Transfers in Latin America : A Complement to National/Subnational Fiscal Rules?

The traditional theory of fiscal federalism assigns the role of macroeconomic stabilization to the federal government. In addition to this long-standing theoretical result, there is empirical observation that federal governments in developing count...

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Bibliographic Details
Main Authors:	Gonzalez, Christian Y., Rosenblatt, David, Webb, Steven B.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	MACROECONOMIC STABILIZATION INTERGOVERNMENTAL TRANSFERS SUBNATIONAL GOVERNMENT GOVERNMENT SPENDING POLICY GROSS DOMESTIC PRODUCT REVENUE VOLATILITY REVENUE MOBILIZATION INTERGOVERNMENTAL FISCAL RELATIONS RESERVE MANAGEMENT POLICY CREDIT LINES ACCRUAL ACCOUNTING ACCRUALS ADMINISTRATIVE EFFICIENCY ASSETS AUTHORITY AUTONOMY BANKING SECTOR BANKING SYSTEMS BONDS BORROWING BORROWING RULES BUDGET CONSTRAINTS CAPITAL FLOWS CAPITAL MARKETS CENTRAL GOVERNMENT CITIES COLLATERAL CONSTITUENCY CONSTITUTION CREDIT MARKETS DEBT DEBT MANAGEMENT DEBT RESTRUCTURING DEBT SERVICE DECENTRALIZATION DECONCENTRATION DEPOSIT INSURANCE DEREGULATION DEVOLUTION DOMESTIC BORROWING ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC SHOCKS EXPENDITURE FEDERAL GOVERNMENT FEDERAL GOVERNMENTS FINANCIAL TRANSACTIONS FISCAL FISCAL DECENTRALIZATION FISCAL DEFICITS FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL POLICIES FISCAL POLICY FISCAL REFORM FISCAL RESPONSIBILITY FISCAL SITUATION FISCAL TRANSPARENCY FUEL TAXES GENERAL OBLIGATION BONDS GOVERNMENT PROGRAM HEALTH SERVICES INCOME TAXES INFLATION INSOLVENCY INSURANCE INTEREST RATES LAWS LEGISLATION LEVELS OF GOVERNMENT LOAN CLASSIFICATION LOCAL REVENUE MINISTRIES OF EDUCATION MINISTRY OF FINANCE MORAL HAZARD MULTILATERAL DEVELOPMENT BANKS MUNICIPALITIES MUNICIPALITY NATIONAL LEVEL NATIONALS NATIONS PENSIONS PRIVATE SECTOR PRIVATIZATION PROVINCIAL GOVERNMENTS PROVISIONING PUBLIC DEBT PUBLIC FINANCE PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC MANAGEMENT PUBLIC SECTOR RETIREMENT REVENUE GROWTH REVENUE SHARING REVENUE SOURCES SAVINGS SOCIAL SECTOR SOCIAL SECURITY SOCIAL SECURITY REFORM STATE MODERNIZATION SUBNATIONAL GOVERNMENTS TAX TAX REFORM TAX REVENUES TAX SHARING TAXATION TREASURY WAGES
Online Access:	http://documents.worldbank.org/curated/en/2002/07/1964265/stabilizing-intergovernmental-transfers-latin-america-complement-nationalsubnational-fiscal-rules http://hdl.handle.net/10986/19260

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