Refocussing Commonwealth-State Financial Relation: Tax Powers, Microeconomic Reform and Intergovernment Relations

C. Walsh

Working Papers from South Australian Centre for Economic Studies-

Abstract: There are two particular outstanding features of Australia's Current Commonwealth-State Financial Arrangements. The first is the extreme degree of so-called Vertical Fiscal Imbalance (VFI) it exhibits. The second is the sophisticated system for assessing how commonwealth transfers should be distributed between the states to achieve Horizontal Fiscal Equalisation (HFE).

Keywords: FISCAL POLICY; ECONOMIC POLICY (search for similar items in EconPapers)
JEL-codes: E62 E63 (search for similar items in EconPapers)
Date: 1996

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Persistent link: http://EconPapers.repec.org/RePEc:fth:sauces:96.1

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