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This book discusses various dimensions of Indian fiscal federalism, focusing on the current fiscal imbalances – both vertical and horizontal – and their correction. Throwing light on different angles of this subject, it presents well-researched papers, which are divided into three sections. The first section, ‘Fiscal federalism and resolving the fiscal imbalances’, includes five chapters that discuss this theme and also explain the various strategies to remove the existing imbalances in India. ‘Fiscal decentralization for high growth’ which is the second section, explains how decentralisation leads to high economic growth and showcases empirical evidence from a few Indian states that are flourishing due to this policy. The third section, ‘Emerging issues’ offers six chapters describing several existing key concerns in fiscal federalism that have a major impact on achieving India’s development goals. Including contributions from leading academics in this field, the book will be of great interest to research scholars and policy makers alike. “Besides addressing the core issue of fiscal imbalances and ways to correct them, the [chapters] touch on several issues confronting the Indian fiscal system at the centre , state and local levels. The [chapters] are well researched and well argued. The book is a valuable addition to the literature on Fiscal Federalism.” – Dr. C. Rangarajan, Ex-Governor of Reserve Bank of India; Chairman, Madras School of Economics, Chennai, India.

Finance. --- Finance, Public. --- Economic growth. --- Public Finance. --- Development Finance. --- Economic Growth. --- Federal government --- Deficit financing --- Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Compensatory spending --- Deficit spending --- Financing, Deficit --- Budget deficits --- Debts, Public --- Finance, Public --- Full employment policies --- Economic development projects—Finance. --- Cameralistics --- Public finance --- Currency question --- Public finances

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Critically examines national politics, priorities, and policies with emphasis on federal economic and social spending.

Deficit financing --- Compensatory spending --- Deficit spending --- Financing, Deficit --- Budget deficits --- Debts, Public --- Finance, Public --- Full employment policies --- Canada --- Canada (Province) --- Canadae --- Ceanada --- Chanada --- Chanadey --- Dominio del Canadá --- Dominion of Canada --- Jianada --- Kʻaenada --- Kanada (Dominion) --- Ḳanadah --- Kanadaja --- Kanadas --- Ḳanade --- Kanado --- Kanakā --- Province of Canada --- Republica de Canadá --- Yn Chanadey --- Καναδάς --- Канада --- קאנאדע --- קנדה --- كندا --- کانادا --- カナダ --- 加拿大 --- 캐나다 --- Lower Canada --- Upper Canada --- Appropriations and expenditures. --- E-books --- Kaineḍā

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This book studies the strategic policy interactions in a monetary union. The leading protagonists are the European Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government are low unemployment and a low structural deficit. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples. .

Monetary policy -- European Union countries. --- Monetary policy. --- Monetary unions -- European Union countries. --- Monetary unions. --- International Finance --- Money --- Finance --- Business & Economics --- Monetary unions --- -Monetary policy --- -Deficit financing --- -332.4566094 --- Compensatory spending --- Deficit spending --- Financing, Deficit --- Budget deficits --- Debts, Public --- Finance, Public --- Full employment policies --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Electronic information resources --- European Central Bank --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- Electronic information resources. --- E-books --- Monetary policy --- Macroeconomics. --- International economics. --- Economic policy. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Economic Policy. --- International Economics. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy

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As Europe proceeds towards economic and monetary union, fiscal convergence and the prospect of a common money are at the centre of discussion. This volume from the Centre for Economic Policy Research brings together theoretical, applied and historical research on the management of public debt and its implications for financial stability. Gale fills a gap in the literature, using a consistent framework to investigate the welfare economics of public debt, while Calvo and Guidotti analyse the trade-off between indexation and maturity when it comes to minimizing debt service. Confidence crises have become relevant again in view of the high debt ratios in countries such as Belgium, Italy and Ireland. Alesina, Prati and Tabellini develop a formal model of the propagation of a debt run and use it to interpret Italian debt panics. Giavazzi and Pagano concentrate on how inappropriate debt management can precipitate a run on the currency while Makinen and Woodward review a broad sweep of historical experience.

Debts, Public --- Deficit financing --- History --- Congresses. --- 336.3 <4> --- -Debts, Public --- -Deficit financing --- -#ECO:01.10:economie overheid financiën begroting beleid --- 336.3 --- dette publique --- management --- AA / International- internationaal --- EUR / Europe - Europa --- IT / Italy - Italië - Italie --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 336.32 --- 336.314 --- 336.61 --- 336.300 --- 336.310 --- 336.301 --- 336.311.0 --- -336.3609 --- 336.34 --- Compensatory spending --- Deficit spending --- Financing, Deficit --- Budget deficits --- Finance, Public --- Full employment policies --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Nationale schulden. Staatsschulden. Openbare schulden. Staatslening. Staatsfondsen. Staatsbankroet--Europa --- -Congresses --- openbare schuld --- Beheer van de rijksschuld. Road shows. --- Conversie van leningen van de overheid. --- Financieel beleid. --- Overheidskrediet en rijksschuld: naslagwerken en principes. --- Techniek van het overheidskrediet: algemeenheden. --- Toestand, structuur, rentelast en evolutie van de rijksschuld. --- Vormen van leningen: algemeenheden. --- -History --- Business, Economy and Management --- Economics --- -336.3 <4> --- 336.3 <4> Nationale schulden. Staatsschulden. Openbare schulden. Staatslening. Staatsfondsen. Staatsbankroet--Europa --- 336.3609 --- #ECO:01.10:economie overheid financiën begroting beleid --- History&delete& --- Congresses --- Overheidskrediet en rijksschuld: naslagwerken en principes --- Toestand, structuur, rentelast en evolutie van de rijksschuld --- Techniek van het overheidskrediet: algemeenheden --- Vormen van leningen: algemeenheden --- Conversie van leningen van de overheid --- Beheer van de rijksschuld. Road shows --- Financieel beleid --- E-books --- Debts [Public] --- Italy --- Europe --- United States --- Debts, Public - Italy - History - Congresses. --- Debts, Public - Europe - History - Congresses. --- Debts, Public - United States - History - Congresses. --- Deficit financing - History - Congresses. --- DETTE PUBLIQUE --- DEFICIT PUBLIC --- FINANCEMENT