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Macroeconomic challenges of fiscal decentralization

In: Decentralization and Reform in Latin America

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  • Juan Pablo Jiménez
  • Teresa Ter-Minassian

Abstract

Decentralisation and Reform in Latin America analyses the process of intergovernmental reform in Latin America in the last two decades and presents a number of emerging issues. These include the impacts of decentralization and the response of countries in the region to challenge such as social cohesion, interregional and interpersonal disparities, the assignment of social and infrastructure expenditure, macrofinancial shocks, fiscal rules and the sharing of natural resources revenue. The main aim of the book is to assess the effective working of decentralized arrangements and institutions, with a view of suggesting corrections and reforms where the system is not working according to expectations.

Suggested Citation

  • Juan Pablo Jiménez & Teresa Ter-Minassian, 2012. "Macroeconomic challenges of fiscal decentralization," Chapters, in: Giorgio Brosio & Juan P. Jiménez (ed.), Decentralization and Reform in Latin America, chapter 11, pages iii-iii, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14949_11
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    References listed on IDEAS

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    2. Fanelli, José María & Jiménez, Juan Pablo, 2009. "Crisis, volatility and fiscal policy in Latin America," Documentos de Proyectos 4167, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64(5), pages 416-416.
    4. Fabrizio Balassone & Daniele Franco & Stefania Zotteri, 2007. "Rainy day funds: can they make a difference in Europe," Questioni di Economia e Finanza (Occasional Papers) 11, Bank of Italy, Economic Research and International Relations Area.
    5. Christian Daude & Ángel Melguizo & Alejandro Neut, 2010. "Fiscal Policy in Latin America: Countercyclical and Sustainable at Last?," OECD Development Centre Working Papers 291, OECD Publishing.
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    7. -, 2009. "El papel de la política tributaria frente a la crisis global: consecuencias y perspectivas," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2920 edited by Cepal.
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