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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.
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