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IMFG Paper | 2018

Returning to the Golden Rule of Balanced Budgets

In the aftermath of the 2008 financial crisis, both politicians and public finance economists focused their attention on ways to control public budget deficits and debt. Around the world, detailed and precise regulations affected how governments could deal with public deficit and debt.
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Book | 2018

Fiscal Decentralization and Local Finance in Developing Countries

As experience with decentralization has accumulated, perceptions of both the problems that often accompany decentralization and the best ways to deal with them have evolved. This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance.
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Video | 2018

Legacies of the Megacity: Toronto’s Amalgamation 20 Years Later

This video features a panel discussion held on March 27, 2018, on the challenges and opportunities of the 1998 Toronto Amalgamation.  Speakers include Shirley Hoy (former City Manager, City of Toronto), John Matheson (former Chief of Staff to Ontario’s Minister of Municipal Affairs and Housing), Alexandra Flynn (Assistant Professor, University of Toronto), Zack Taylor (Assistant Professor, Western University), and Enid Slack (event moderator, Director, Institute on Municipal Finance and Governance).
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IMFG Paper | 2018

The Public Finance Challenges of Fracking for Local Governments in the United States

Fracking has revolutionized international oil and gas markets practically overnight, but its impact on local public finance and governance have largely been overlooked. While operating under federal and state constraints, the key ongoing policy question is whether and to what extent local governments can – and should – have the power to manage the industry’s effects on their communities.
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