Publisher's Synopsis
Financing Federal Systems provides a comprehensive selection of Edward M. Gramlich's essays, which have made a major contribution to public finance and macroeconomics over three decades.
The structure of fiscal federalism is a major issue in most countries around the world. Developed economies are continually confronting the question of fiscal federalism as they consider harmonizing tax and trading arrangements. Emerging market economies are addressing these issues as they organize systems to promote growth and development.
The book begins with a new introduction by the author which provides a clear and concise overview of the current issues in fiscal federalism. The book comprises some 23 papers and features empirical, theoretical and diagnostic work together with comprehensive evaluations of the fiscal federal systems in the United States, Australia, Sweden and Canada. It includes work on state and local government behaviour, grant policies, macroeconomic policies, state tax limitations, federal tax policy, sub-national fiscal policy, infrastructure investment and public welfare policies.
Financing Federal Systems will complement graduate and undergraduate courses in public finance and fiscal federalism. It will also appeal to policymakers and local government practitioners.
