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Fiscal Federalism in Theory and Practice Author/Editor: Ter-Minassian, Teresa Published: September 10, 1997 Summary: Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.   Order a print copy Subject(s): Fiscal policy   English       Published:   September 10, 1997             ISBN/ISSN:   978-1-55775-663-3   Format:   Paper     Stock No:   FFTPEA0000000   Pages:   714     Price:   US$35.00               Please address any questions about this title to publications@imf.org.