Adaptation to impacts of climate change is a key pillar of climate change policy, and local
governments have historically played a major role in the design and implementation of these …

China recently initiated a major decentralization reform to simultaneously improve tax
autonomy and fiscal transfers to county governments. We use an instrumented difference-in …

This paper develops a dynamic infinite-horizon model with two layers of governments to
study theoretically and quantitatively how fiscal decentralization affects local and central …

Based on Chinese city-level panel dataset, this paper examines the effects of vertical fiscal
imbalances (VFI) on local fiscal indiscipline in a partial fiscal decentralization setting. We …

This paper explores the motivations behind the issuance of Urban Investment Bonds (UIBs)
to stimulate local economies in China after the 2008 global financial crisis. Based on panel …

This paper offers a comprehensive and updated review of the effects of intergovernmental
grants. We focus on the main findings in the existing literature on the effects of …

В статье уточняются понятия бюджетной устойчивости и ее основные индикаторы,
оценивается устойчивость бюджетной системы России на региональном уровне …

В 2020 г. многие страны мира, в том числе и Россия, столкнулись с уникальной
ситуацией, в которой субфедеральным органам власти вынужденно приходилось …

Does health expenditure decentralization improve a nation's health? Should countries care
about governance quality when they decentralize healthcare spending to local …

It is difficult to identify the most and the least affected regions in the pandemic crisis, since
the dynamics of different indicators did not coincide. Industrial output decline was deeper in …