The European Union: how to assign the functions of government

M. Mar㈠and M. Sarcinelli
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M. Marãˆ: Università degli Studi di Roma "La Sapienza"
M. Sarcinelli: Banca Nazionale del Lavoro, Rome (Italy)

Banca Nazionale del Lavoro Quarterly Review, 1994, vol. 47, issue 191, 341-377

Abstract: Recent progress towards the construction of the European Union slowed down a little with the exchange rate problems of 1992 and 1993. Central elements in the construction strategy are extending the internal market and building institutions with government functions at the supranational level. A review is undertaken of the economic theory of multi-level government finance, the optimal assignment of fiscal responsibilities to various government tiers, and the general applicability of these theories to the European Union.

Keywords: European Union; institutions; governance (search for similar items in EconPapers)
JEL-codes: F02 F15 (search for similar items in EconPapers)
Date: 1994
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