Subject(s): POLITICAL SCIENCE -- Public Affairs & Administration -- Intergovernmental fiscal relations -- Intergovernmental tax relations -- Practitioners guide to intergovernmental fiscal transfers Grants in a federal economy- conceptual perspective, equity and efficiency aspects of interagency transfer in a multigovernmental framework, achieving economic stabilization by sharing risk within countries -- Grants and soft budget constraints, political economy of interregional grants, incentive effects of grants -- Impact of intergovernmental fiscal transfers- Synthesis of conceptual and empirical literature, legal architecture of intergovernmental transfers- comparative examination, institutional arrangements for intergovernmental fiscal transfers and framework for evaluation -- Resolving fiscal imbalances- issues in tax sharing, macro formulas for equalization, fiscal capacity equitization in horizontal fiscal equalization programs -- Compensating local governments for differences in expenditure needs in a horizontal fiscal equalization program, financing capital expenditures through grants, grants to large cities and metropolitan areas -- Grants to small urban governments, intergovernmental transfers and rural local governments