Hamilton's Paradox

The Promise and Peril of Fiscal Federalism

By:

Jonathan A. Rodden

Format:

Paperback / softback

Series:

Cambridge Studies in Comparative Politics

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Description

As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. A key question is whether a politically-motivated central government can credibly commit not to bail out subnational governments in times of crisis if it funds most of their expenditures. The center can commit when subnational governments retain significant tax autonomy, as in the United States. Or if the center dominates taxation, it can tightly regulate borrowing, as in many unitary systems. In a third group of countries including Brazil and Germany, the center can neither commit to a system of market-based discipline nor gain a monopoly over borrowing. By combining theory, quantitative analysis, and historical and contemporary case studies, this book explains why different countries have had dramatically different experiences with subnational fiscal discipline.

Author Biography:

Jonathan Rodden is the Ford Career Development Associate Professor of Political Science at MIT, and was recently a visiting scholar at the Center for Basic Research in the Social Sciences at Harvard University. He received his Ph.D. in political science from Yale University, his B.A. from the University of Michigan, and was a Fulbright Fellow at the University of Leipzig. In collaboration with the World Bank, he recently co-edited a book entitled Fiscal Decentralization and the Challenge of Hard Budget Constraints (MIT Press 2003). His articles have appeared in journals including The American Journal of Political Science, The British Journal of Political Science, Comparative Politics, International Organization, The Virginia Law Review, and World Politics.

Release date NZ

December 26th, 2005

Author

Jonathan A. Rodden

Audience

Professional & Vocational

Illustrations

22 Tables, unspecified

Pages

336

Series

Cambridge Studies in Comparative Politics

Dimensions

152x228x18

ISBN-13

9780521603669

Product ID

2398036

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