Narrowing vertical fiscal imbalances in four European countries /

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Bibliographic Details
Author / Creator:	Karpowicz, I. (Izabela), author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (22 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/12/91 IMF working paper ; WP/12/91.
Subject:	Fiscal policy -- European Union countries -- Econometric models. Balance of payments -- European Union countries -- Econometric models. Expenditures, Public -- Econometric models. Balance of payments -- Econometric models. Expenditures, Public -- Econometric models. Fiscal policy -- Econometric models. European Union countries. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500154

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Fiscal Affairs Department, issuing body.
ISBN:	1475548362 9781475548365 9781475502664 1475502664
Notes:	At head of title: Fiscal Affairs Department. Title from PDF title page (IMF Web site, viewed April 3, 2012). "March 2012." Available in PDF, ePUB, and Mobi formats on the Internet. Includes bibliographical references. English.
Summary:	This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four EU countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to sub-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in the VFI in Norway.

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