IMF paper studies decline in vertical fiscal imbalances

IMF headquarters in Washington DC

The International Monetary Fund published in full on April 2 a working paper that studies the decline in vertical fiscal imbalances (VFIs) across four European countries.

Author Izabela Karpowicz used four countries, Italy, Norway Spain and Belgium, as case studies to examine how VFIs had declined in those countries. The working paper says VFIs come under particular scrutiny during periods of fiscal austerity.

The research concludes that greater devolution of revenue was the cause of the decline

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: