3 ms·
This is true, but it isn't uncommon. Almost all countries have different levels of government - national, regional, subregional and municipal - all of which ha
by lottin 4y ago
This is true, but it isn't uncommon. Almost all countries have different levels of government - national, regional, subregional and municipal - all of which have some degree of autonomy with regards to executing their own fiscal policy, whereas monetary policy is always country-wide.
- bradwood 4y agoYes. But something like federal taxation can be used to effect this fiscal transfer. No such mechanism exists in the Eurozone.