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...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| 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 |