Edited by Junghun Kim and Sean Dougherty, the book looks at how states can design fiscal policies in a way that boosts growth and reduces inequality. A series of cross-country analyses and country case studies examine the allocation of responsibilities across levels of government.
Finding the right balance between growth-enhancing and inequality-reducing policies is complex. For instance, to promote competition and efficiency, education policy and other public services often need to be managed by sub-national governments; on the other hand, in order to facilitate equity, equalising transfers are sometimes needed, which require more centralisation, although this can weaken the incentives of local policy-makers. The book provides insights and experiences from academics and practitioners on key aspects of intergovernmental fiscal relations and how they can contribute to inclusive growth.
(Source: OECD Fiscal Federalism Network | Access the book)
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