Series: IMF Working Papers
Author(s): Vivek Arora , and John Norregaard
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 1997
Keywords: Fiscal federalism, stabilization, local governments, intergovernmental fiscal relations, local taxes, fiscal relations, intergovernmental fiscal
This paper provides an overview of recent Chinese reforms to introduce a modern system of fiscal federalism that balances the need for central macroeconomic control with the economic advantages of decentralized gov...