by Martine Guerguil, Carlo Cottarelli · Taylor & Francis Group · tapa blanda · ISBN 9780367669119
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This book analyzes the need for closer fiscal integration in the European Union, examining the experiences of 13 federal states to inform the debate on this issue. It focuses on the practices of devolving responsibilities from the subnational to the central level, comparing them to those of the European Union, and draws lessons for a possible future fiscal union in Europe. It addresses key questions about the role of centralized fiscal policies, institutional arrangements for coordinating fiscal policy, and the links between federal and subnational debt. It offers new practical insights through a systematic comparison of the EU fiscal framework with that of federal states, focusing on the role of the center and the responsibilities centralized at the federal level.
Carlo Cottarelli is an Italian economist and former director of the International Monetary Fund.
