Togetheror separately? Issues on the costs and benefits of political and fiscal unions
讨论政治分离主义趋势与经济学文献中大型财政辖区优势之间的张力,通过政治经济分析调和规范经济模型与实证观察的矛盾。
Around the world one observes a tendency toward political separatism. The economic literature generally (but not always) emphasizes several benefits of large fiscal (and, therefore, political) jurisdictions. In this paper we discuss several politico-economic arguments which reconcile this tension between “normative” economic models and empirical observations.