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Full Description

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.

Contents

Contents: 1. State and Local Governments and their Budget Constraint 2. State and Local Fiscal Behavior and Federal Grant Policy 3. State and Local Budgets the day after it rained: Why is the Surplus so High? 4. Micro Estimates of Public Spending Demand Functions and Tests of the Tiebout and Median-Voter Hypothesis 5. Intergovernmental Grants: A review of the Empirical Literature 6. The stimulative effects of Intergovernmental Grants: Or why money sticks where it hits 7. Moving into and out of Poor Urban Areas 8. The Spatial Dimension: Should worker assistance be given to poor people or poor places? 9. Subnational Fiscal Policy 10. Public employee market power and the level of government spending 11. Why voters support Tax limitation amendments: The Michigan Case 12. The deductability of State and Local Taxes 13. The Impact of the Tax Reform Act of 1986 on State and Local Fiscal Behaviour 14. Infrastructure Investment: A Review Essay 15. Migration and Income Redistribution Responsibilities 16. Cooperation and Competition in Public Welfare Policies 17. A Report on School Finance and Educational Reform in Michigan 18. Reforming US Federal Fiscal Arrangements 19. Federalism and Federal Deficit Reduction 20. New York: Ripple or Tidal Wave? The New York City Fiscal Crisis: What happened and what is to be done? 21. "A Fair Go": Fiscal Federalism Arrangements 22. Rethinking the Role of the Public Sector 23. Canadian Fiscal Federalism: An Outsider's View Index