Polity Atlas
Book

Hamilton's Paradox: The Promise and Peril of Fiscal Federalism

Jonathan A. Rodden · Cambridge University Press · 2006

Open publisher page ↗
Type
Book
Author
Jonathan A. Rodden
Identifier
DOI 10.1017/CBO9780511616075
Accessed
2026-09-01

Claims citing this source

1 claims
TheoryWhere a central government funds most subnational spending but can neither credibly commit not to bail out subnational governments nor monopolise borrowing, as in Brazil and Germany, fiscal federalism tends to weaken subnational fiscal discipline.