Fiscal Equalization

Challenges in the Design of Fiscal Equalization and Intergovernmental Transfers.- The Nature of Equalization - Objectives and Consequences.- Fiscal Capacity Equalization and Economic Efficiency: The Case of Australia.- Ensuring Inter-Regional Equity and Poverty Reduction.- The Impact of Equalization on Service Delivery.- Harmonizing Objectives and Outcomes at the National and Sub-National Levels Through Citizen Engagement and Capacity Building (With Special References to the Philippines).- Discussant Comments.- The Institutional Setting.- A Framework for Evaluating Alternate Institutional Arrangements for Fiscal Equalization Transfers.- Intergovernmental Transfers: The Funding Rule and Mechanisms.- Intergovernmental Transfers: The Vertical Sharing Dimension.- Discussant Comments.- Challenges in Implementing Equalizaton.- Expenditure-Based Equalization Transfers.- Designing Intergovernmental Equalization Transfers with Imperfect Data: Concepts, Practices, and Lessons.- A Model for Public Infrastructure Equalization in Transitional Economies.- Discussant Comments.- The Relationship of Equalization to Other Policies.- Revenue Sharing, Natural Resources and Fiscal Equalization.- The Nature and Functions of Tied Grants.- Intergovernmental Loans: Their Fit into a Transfer System.- Discussant Comments.- The Bigger Picture.- The Political Economy of Equalization Transfers.- Discussant Comments.