CESifo Economic Studies Advance Access originally published online on January 11, 2008
CESifo Economic Studies 2007 53(4):491-494; doi:10.1093/cesifo/ifm022
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Symposium on New Directions in Fiscal Federalism: An Introduction
* ifo Institute and Ludwig Maximilans University, Poschingerstr 5, 81679 Munich, Germany, email: buettner@ifo.de
Martin School of Public Policy and Department of Economics, University of Kentucky, Lexington, KY 40506-0027, USA, email: dew@davidwildasin.us
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Issues of fiscal federalism—broadly defined to include the tax, expenditure, and debt policies of different levels of government, as well their interaction—have attracted heightened attention from academics and policymakers alike. Global changes in institutional structures and economic conditions within and among countries, including fiscal, economic and political reforms, have highlighted the importance of the division of fiscal and political responsibilities among governments. Competition among governments, as well as the development and evolution of mechanisms of horizontal and vertical fiscal coordination and cooperation among them, have been the subject of a rapidly developing literature. Better understanding of the fiscal policies and interactions of governments, and of their institutional and political underpinnings, presents deep intellectual challenges as well as opportunities for useful policy applications.
The five papers in this symposium are a selection of papers based on keynote addresses presented at a September 2006 conference on "New Directions in Fiscal Federalism"