Without Funding Devolution will Fail
نویسندگان
چکیده
منابع مشابه
POLITICAL DEVOLUTION WITHOUT FISCAL DEVOLUTION by
Using a conventional model, this paper examines the conditions under which it is possible to stabilise both the output (inflation) cycle and the budget deficit/surplus of a regional economy in a wider currency union. We find that it is never possible. But we can approximate that result (for example, by limiting budgetary instability when the cycle is smoothed) if the product and labour markets ...
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ژورنال
عنوان ژورنال: SUSHRUTA Journal of Health Policy & Opinions
سال: 2020
ISSN: 2732-5164,2732-5156
DOI: 10.38192/10.1.3