{"product_id":"hamiltons-paradox-the-promise-and-peril-of-fiscal-federalism-hardback-9780521842693","title":"Hamilton's Paradox; The Promise and Peril of Fiscal Federalism (Hardback) 9780521842693","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eHamilton's Paradox\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Promise and Peril of Fiscal Federalism\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book explains why different countries have had dramatically different experiences with subnational fiscal discipline.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJonathan A.  Rodden (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521842693, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 26 December 2005\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e334 pages, 22 tables\u003cbr\u003e23.5 x 15.7 x 2.4 cm, 0.558 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"This is a landmark book on fiscal federalism and one that will be influential both in policy circles and in the academy for many years to come.\"     Mark Hallerberg, Emory University\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eAs new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. A key question is whether a politically-motivated central government can credibly commit not to bail out subnational governments in times of crisis if it funds most of their expenditures. The center can commit when subnational governments retain significant tax autonomy, as in the United States. Or if the center dominates taxation, it can tightly regulate borrowing, as in many unitary systems. In a third group of countries including Brazil and Germany, the center can neither commit to a system of market-based discipline nor gain a monopoly over borrowing. By combining theory, quantitative analysis, and historical and contemporary case studies, this book explains why different countries have had dramatically different experiences with subnational fiscal discipline.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction and overview\u003cbr\u003e 2. Promise and peril: intellectual history\u003cbr\u003e 3. Sovereignty and commitment\u003cbr\u003e 4. The power of the purse: intergovernmental grants and fiscal discipline\u003cbr\u003e 5. Disease or cure? Political parties and fiscal discipline\u003cbr\u003e 6. An approach to comparative case studies\u003cbr\u003e 7. Fiscal federalism and bailouts in postwar Germany\u003cbr\u003e 8. The crisis of fiscal federalism in Brazil\u003cbr\u003e 9. The challenge of reform in federations\u003cbr\u003e 10. The origins of subnational sovereignty\u003cbr\u003e 11. Conclusions.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economic history [\u003ca title=\"See our other books on Economic history\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economic%20history%20%5BKCZ%5D%22\"\u003eKCZ\u003c\/a\u003e], Comparative politics [\u003ca title=\"See our other books on Comparative politics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Comparative%20politics%20%5BJPB%5D%22\"\u003eJPB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46265226101016,"sku":"9780521842693","price":50.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521842693i.jpg?v=1692020770","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/hamiltons-paradox-the-promise-and-peril-of-fiscal-federalism-hardback-9780521842693","provider":"Freshly Printed Books","version":"1.0","type":"link"}