A Dynamic Model of Fiscal Decentralization and Public Debt Accumulation

A Dynamic Model of Fiscal Decentralization and Public Debt Accumulation

This paper develops a dynamic infinite-horizon model with two layers of governments to study theoretically and quantitatively how fiscal decentralization affects local and central government debt accumulation and spending. In the model, the central...

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Bibliographic Details
Main Authors: Guo, Si, Pei, Yun, Xie, Leiyu
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
FISCAL DECENTRALIZATION
PUBLIC DEBT
FISCAL IMBALANCE
LOCAL GOVERNMENT FINANCES
GOVERNMENT TRANSFERS
Online Access:http://documents.worldbank.org/curated/en/734581644250111392/A-Dynamic-Model-of-Fiscal-Decentralization-and-Public-Debt-Accumulation
http://hdl.handle.net/10986/36968

Internet

http://documents.worldbank.org/curated/en/734581644250111392/A-Dynamic-Model-of-Fiscal-Decentralization-and-Public-Debt-Accumulation
http://hdl.handle.net/10986/36968

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