Should the Federal Government Reallocate Funds within Federal Transfers?
AbstractIt is recognized that one of the goals of federal transfers is to provide the states with some financial leverage during recessions. Federal transfers in the United States comprise such components as retirement and disability payments for individuals, other direct payments for individuals or organizations, grants, procurement contracts, and salaries and wages. Is the composition of the federal transfersâ€™ budget having an optimal effect on the business cycle or should the federal government reallocate some expenditure? In this article, we argue that the federal government may improve its role in stabilizing the business cycle if some reallocation is made from procurement contracts and payments for other than individuals to direct payments for individuals, grants, and disability and retirement payments.
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Bibliographic InfoArticle provided by in its journal Public Finance Review.
Volume (Year): 37 (2009)
Issue (Month): 5 (September)
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Other versions of this item:
- Tiago Neves Sequeira & Alexandra Ferreira-Lopes, 2008. "Should the Federal Government Reallocate Funds within Federal Transfers?," Working Papers Series 1 ercwp1608, ISCTE-IUL, Business Research Unit (BRU-IUL).
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
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