01682cas a2200241 a 4500 AALejournalIMF000499 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857276 1018-5941 BD-DhAAL BD-DhAAL Ter-Minassian, Teresa. Decentralization and Macroeconomic Management / Teresa Ter-Minassian. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (16 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The literature on fiscal federalism has amply discussed both the potential efficiency and welfare gains from decentralization and the potential trade-offs between decentralization and income redistribution. By contrast, it has generally put less emphasis on the effects of decentralization on macroeconomic management, although policymakers worldwide increasingly have to grapple with these effects. This paper examines the constraints that a high degree of decentralization can place on the ability of the central government to carry out its traditional macroeconomic management functions and explores various ways to minimize these constraints. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/155 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/155/001.1997.issue-155-en.xml IMF e-Library