Download or read book Devolution: The New Federalism: An Overview written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve Bank of Boston presents the full text of the article entitled "Devolution: The New Federalism: An Overview," written by Robert Tannenwald. The article appeared in the May/June 1998 issue of the "New England Economic Review." The text is available in PDF format. Tannenwald discusses the program known as devolution, which is the intergovernmental arrangement of federal responsibilities to lower levels of government.