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Preparing for the storm: rainy day funds in New England

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  • E. Matthew Quigley

Abstract

Rainy day funds have played an important role in alleviating the current state fiscal crisis. This article examines the benefits of these funds, the various ways in which they can be structured, and the differences in the structure and use of these funds in New England.

Suggested Citation

  • E. Matthew Quigley, 2003. "Preparing for the storm: rainy day funds in New England," Fiscal Facts, Federal Reserve Bank of Boston, issue Sum, pages 1-5.
    • Handle: RePEc:fip:fedbff:y:2003:i:sum:p:1-5:n:31
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    File URL: http://www.bostonfed.org/economic/neff/neff31/storm.pdf
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