This chapter surveys recent contributions to the study of fiscal decentralization which adopt a
political economy approach. By a political economy approach, I mean a systematic attempt …

We provide new measures of ethnic, linguistic, and religious fractionalization for about 190
countries. These measures are more comprehensive than those previously used in the …

The thirteenth edition of this market-leading textbook provides an authoritative and concise
analysis of the theories and policies relating to monetary union in which the author helps …

The goal of this paper is to evaluate the attribution of policy prerogatives to European Union
level institutions and compare them to the implications of normative policy models and to the …

The purpose of this paper is to review the applications of non-cooperative bargaining theory
to water management problems. The interest in this subject stems from two considerations:(i) …

We model an international union as a group of countries deciding to centralize the provision
of public goods, or policies, that generate externalities across union members. The trade-off …

The present governance of the euro area has been devised assuming that the world fits the
monetarist‐real‐business‐cycle theory. But that theory is not a correct representation of the …

Borders are a man-made institution, and as such their shape cannot be taken as part of the
physical landscape. The size of countries is endogenous to politico-economic forces. This …

Abstract The Stability and Growth Pact is under fire. Problems have appeared in sticking to
the rules. Proposals to reform the Pact or ditch it altogether abound. But is the Pact a flawed …

We develop a model in which governments' financing needs exceed the socially optimal
level because public resources are diverted to serve the narrow interests of the group in …