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2 produkter
2 produkter
1 227 kr
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This book provides a comprehensive overview of fiscal decentralization (FD), outlining how it interacts with domestic structures and institutions. It reviews both theoretical and empirical literature relating to macroprudential institutions and macroeconomic outcomes, arguing that the complex relationship between FD and economic development undermines a one-size-fits-all approach for FD design.The book delves into shifting macroeconomic paradigms and evaluates FD in relation to the first- and second-generation fiscal decentralization literature. In light of rapid technological advancements and geopolitical changes, the book also delves into increasingly relevant issues such as fiscal discipline, income distribution, inflation and economic crises. In addition to graphical analysis to showcase international FD trends, as well as empirical analysis to show FD’s relationship with macroeconomic outcomes, a benchmark theoretical model is presented to assess the benefits from FD. It also looks ahead by considering the prospects and pitfalls for the future of FD. This book is an essential resource for students and academics in public economics and fiscal policy. Its valuable insights will greatly benefit professionals and policymakers in political economy and public economics.
1 682 kr
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The fading explanatory power of earlier development theories in providing a satisfactory account of diverse developmental experiences has necessitated a new framework to understand economic development. Bilin Neyapti presents this new framework, known as New Development Economics (NDE), which combines new institutional economics with collective action theory to explain the dynamic interaction between institutions and economic development.Besides reviewing earlier development theories and the fundamental building blocks of NDE, the author uses the NDE framework to present theoretical underpinnings and panel evidence on the effectiveness of fiscal and monetary institutions. The book incorporates the essential elements of institutional theory and highlights the issues pertaining to the measurement of institutional characteristics and the empirical analyses involving such measurement. It provides the theoretical framework of and empirical evidence on fiscal institutions, covering budgetary rules and procedures as well as fiscal decentralization, and reviews the theoretical framework for monetary institutions such as central bank independence, currency boards, monetary unions and inflation targeting in addition to providing empirical evidence on their effectiveness. The role of bank regulation and supervision is also investigated. This path-breaking and original book will prove a fascinating read for a wide-ranging audience including academics, think tanks, international development agencies and policymakers within the fields of development, economics, heterodox economics and money, banking and finance.