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Refocussing Commonwealth-State Financial Relation: Tax Powers, Microeconomic Reform and Intergovernment Relations

Author

Listed:
  • Walsh, C.

Abstract

There are two particular outstanding features of Australia's Current Commonwealth-State Financial Arrangements. The first is the extreme degree of so-called Vertical Fiscal Imbalance (VFI) it exhibits. The second is the sophisticated system for assessing how commonwealth transfers should be distributed between the states to achieve Horizontal Fiscal Equalisation (HFE).

Suggested Citation

  • Walsh, C., 1996. "Refocussing Commonwealth-State Financial Relation: Tax Powers, Microeconomic Reform and Intergovernment Relations," Papers 96.1, South Australian Centre for Economic Studies-.
    • Handle: RePEc:fth:sauces:96.1
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    Cited by:

    1. David Pickernell & Mark Mcgovern, 2002. "Begging Bowl Meets Baseball Bat? Lessons for the UK from the Australian Fiscal Model," Regional Studies, Taylor & Francis Journals, vol. 36(6), pages 703-707.
    2. Jeffrey Petchey & Perry Shapiro, 2000. "The Efficiency of State Taxes on Mobile Labour Income," The Economic Record, The Economic Society of Australia, vol. 76(234), pages 285-296, September.

    More about this item

    Keywords

    FISCAL POLICY; ECONOMIC POLICY;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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