Intergovernmentalgrantrules, the 'golden rule' of public finance and local expenditures
The Stability and Growth Pact and the process of fiscal consolidation in several European countries have enhanced the role of fiscal rules at sub-national level. This paper analyzes the combined effect of a rule to allocate capital and current block grants to local governments and the "golden r...
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| Format: | workingPaper |
| Language: | eng |
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2010
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| Online Access: | http://hdl.handle.net/10400.5/2475 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/2475 |