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Should the federal government bail out the states? Lessons from past recessions

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Author Info
Richard H. Mattoon
Abstract

Like the economy in general, individual state economies are struggling in this recession. State governments face significant constraints in raising additional revenues. Most states are required to balance their budgets regardless of the economic environment. This article considers the role of the federal government in helping the states to manage their finances.

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File URL: http://www.chicagofed.org/publications/fedletter/cflaugust2009_265.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Chicago in its journal Chicago Fed Letter.

Volume (Year): (2009)
Issue (Month): Aug ()
Pages:
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Handle: RePEc:fip:fedhle:y:2009:i:aug:n:265

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Related research
Keywords: Federal government ; State finance;

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This page was last updated on 2009-12-17.

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