@article{Wyplosz:294854,
      recid = {294854},
      author = {Wyplosz, Charles},
      title = {The centralization-decentralization issue},
      publisher = {Publications Office of the European Union},
      address = {Luxembourg. 2015},
      number = {BOOK},
      series = {European Economy Discussion Paper ; 014},
      pages = {28 p. : ill.},
      year = {2015},
      abstract = {The make-up of the EU institutions, and their evolution,  should explicitly be based on widely accepted federalism  principles. This paper applies federalism principles to a  few crucial questions, mainly fiscal policy, fiscal  discipline and structural reforms, using where possible  lessons from existing federations. After introducing the  topic, Section 2 briefly reviews the key message from the  fiscal federalism literature. The following sections use  these principles to examine a number of areas where  centralization may be insufficient or excessive in the EU.  Section 3 looks at public spending, both in the aggregate  and my main functions. Taxes are examined in Section 4. The  next section looks at the issue of fiscal discipline, a  weak spot of the Eurozone. The allocation of policy  competences, a key characteristic of the UE, is the object  of Section 6. The last section concludes.},
      url = {http://repository.graduateinstitute.ch/record/294854},
}