IMF Working Papers Volume 2012 Issue 045: Fiscal Performance, Institutional Design and Decentralization in European Union Countries (2012)

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Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Author:

Luc Eyraud

Luc Eyraud
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Ms. Anita Tuladhar

Ms. Anita Tuladhar
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Mr. Julio Escolano

Mr. Julio Escolano
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Ms. Marialuz Moreno Badia

Ms. Marialuz Moreno Badia
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, and

Ms. Juliane Sarnes

Ms. Juliane Sarnes
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Series:: IMF Working Papers

Volume/Issue:: Volume 2012: Issue 045

Language:: English

Publication Date:: 01 Feb 2012

DOI:: https://doi.org/10.5089/9781463936464.001

ISBN:: 9781463936464

ISSN:: 1018-5941

Pages:: 32

Keywords:: WP; government; country; Lagged government debt; Fiscal decentralization; fiscal institutions; fiscal rules; European Union; national government; access to borrowing; authorities' access; central government; expenditure share; government tier; Fiscal federalism; Fiscal stance; General government spending; Eastern Europe; Europe

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 2012: Issue 045

Language:: English

Publication Date:: 01 Feb 2012

DOI:: https://doi.org/10.5089/9781463936464.001

ISBN:: 9781463936464

ISSN:: 1018-5941

Pages:: 32

Keywords:: WP; government; country; Lagged government debt; Fiscal decentralization; fiscal institutions; fiscal rules; European Union; national government; access to borrowing; authorities' access; central government; expenditure share; government tier; Fiscal federalism; Fiscal stance; General government spending; Eastern Europe; Europe

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of subnational governments is low. However, subnational fiscal rules do not seem to be associated with better performance.

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IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

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