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Is a Good Normative Model of Public Spending Run Backward a Good Positive Model?

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  • Fred Thompson
  • Kawika Pierson
  • Michael L. Hand
  • Michael U. Dothan

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  • Fred Thompson & Kawika Pierson & Michael L. Hand & Michael U. Dothan, 2017. "Is a Good Normative Model of Public Spending Run Backward a Good Positive Model?," Public Budgeting & Finance, Wiley Blackwell, vol. 37(2), pages 35-57, June.
    • Handle: RePEc:bla:pbudge:v:37:y:2017:i:2:p:35-57
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    File URL: http://hdl.handle.net/10.1111/pbaf.12121
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    References listed on IDEAS

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    1. Robinson, James A. & Torvik, Ragnar & Verdier, Thierry, 2017. "The political economy of public income volatility: With an application to the resource curse," Journal of Public Economics, Elsevier, vol. 145(C), pages 243-252.
    2. Dove, John A., 2014. "Financial markets, fiscal constraints, and municipal debt: lessons and evidence from the panic of 1873," Journal of Institutional Economics, Cambridge University Press, vol. 10(1), pages 71-106, March.
    3. Merton, Robert C., 1971. "Optimum consumption and portfolio rules in a continuous-time model," Journal of Economic Theory, Elsevier, vol. 3(4), pages 373-413, December.
    4. Fred Thompson & Polly Rizova, 2015. "Understanding and Creating Public Value: Business is the engine, government the flywheel (and also the regulator)," Public Management Review, Taylor & Francis Journals, vol. 17(4), pages 565-586, April.
    5. Rebecca Hendrick & Jared Crawford, 2014. "Municipal Fiscal Policy Space and Fiscal Structure: Tools for Managing Spending Volatility," Public Budgeting & Finance, Wiley Blackwell, vol. 34(3), pages 24-50, September.
    6. Robert B. Barsky & F. Thomas Juster & Miles S. Kimball & Matthew D. Shapiro, 1997. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 537-579.
    7. Fred Thompson, 2015. "It's spending that matters: From robust control theory to practical heuristics," OECD Journal on Budgeting, OECD Publishing, vol. 14(3), pages 1-14.
    8. Arwiphawee Srithongrung & Kenneth A. Kriz, 2014. "The Impact of Subnational Fiscal Policies on Economic Growth: A Dynamic Analysis Approach," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 33(4), pages 912-928, September.
    9. Willem H. Buiter, 1990. "Principles of Budgetary and Financial Policy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262524139, December.
    10. Michael Dothan & Fred Thompson, 2009. "A better budget rule," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 28(3), pages 463-478.
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    Cited by:

    1. Kawika Pierson & Jon C. Thompson & Fred Thompson, 2022. "Accounting for the State Fixed Effect for Municipal Cash Reserves: The Role of Financial and Institutional Variables," Public Finance Review, , vol. 50(2), pages 169-205, March.

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