Do fiscal constraints prevent default? Historical evidence from U.S. municipalities
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- 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(01), pages 71-106, March.
- Cameron,A. Colin & Trivedi,Pravin K., 2013. "Regression Analysis of Count Data," Cambridge Books, Cambridge University Press, number 9781107667273, March.
- Clifford F.Thies, 2002. "The American Railroad Network during the Early 19th Century:Private versus Public Enterprise," Cato Journal, Cato Journal, Cato Institute, vol. 22(2), pages 229-261, Fall.
- Robert Krol, 2007. "The Role of Fiscal and Political Institutions in Limiting the Size of State Government," Cato Journal, Cato Journal, Cato Institute, vol. 27(3), pages 431-445, Fall.
- Qian, Yingyi & Roland, Gerard, 1998. "Federalism and the Soft Budget Constraint," American Economic Review, American Economic Association, vol. 88(5), pages 1143-1162, December.
- Timothy Goodspeed, 2002. "Bailouts in a Federation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(4), pages 409-421, August.
- Ronald J. Shadbegian, 1998. "Do Tax and Expenditure Limitations Affect Local Government Budgets? Evidence From Panel Data," Public Finance Review, , vol. 26(2), pages 118-136, March.
- repec:cup:apsrev:v:88:y:1994:i:04:p:811-828_09 is not listed on IDEAS
- Mark Hallerberg & Guntram Wolff, 2008. "Fiscal institutions, fiscal policy and sovereign risk premia in EMU," Public Choice, Springer, vol. 136(3), pages 379-396, September.
- Romer, Christina, 1986. "Spurious Volatility in Historical Unemployment Data," Journal of Political Economy, University of Chicago Press, vol. 94(1), pages 1-37, February.
- Arnt Hopland, 2013. "Central government control and fiscal adjustment: Norwegian evidence," Economics of Governance, Springer, vol. 14(2), pages 185-203, May.
- Fabio Padovano, 2014.
"Distribution of transfers and soft budget spending behaviors: evidence from Italian regions,"
Springer, vol. 161(1), pages 11-29, October.
- Fabio Padovano, 2014. "Distribution of transfers and soft budget spending behaviors: evidence from Italian regions," Post-Print halshs-00911854, HAL.
- repec:cto:journl:v:20:y:2000:i:2:p:255-277 is not listed on IDEAS
- J. Kornai & E. Maskin & G. Roland., 2004.
"Understanding the Soft Budget Constraint,"
N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
- János Kornai & Eric Maskin & Gérard Roland, 2003. "Understanding the Soft Budget Constraint," Journal of Economic Literature, American Economic Association, vol. 41(4), pages 1095-1136, December.
- J. Kornai & E. Maskin & G. Roland., 2004. "Understanding the Soft Budget Constraint," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
- Poterba, James M. & Rueben, Kim S., 2001. "Fiscal News, State Budget Rules, and Tax-Exempt Bond Yields," Journal of Urban Economics, Elsevier, vol. 50(3), pages 537-562, November.
- Ellen Seljan, 2014. "The limits of tax and expenditure limits: TEL implementation as a principal-agent problem," Public Choice, Springer, vol. 159(3), pages 485-501, June.
- Blundell, Richard & Griffith, Rachel & Van Reenen, John, 1995.
"Dynamic Count Data Models of Technological Innovation,"
Royal Economic Society, vol. 105(429), pages 333-344, March.
- Richard Blundell & Rachel Griffith & John Van Reenen, 1994. "Dynamic count data models of technological innovation," IFS Working Papers W94/10, Institute for Fiscal Studies.
- Arthur Grinath III & John Joseph Wallis & Richard Sylla, 1997. "Debt, Default, and Revenue Structure: The American State Debt Crisis in the Early 1840s," NBER Historical Working Papers 0097, National Bureau of Economic Research, Inc.
- Kiewiet, D Roderick & Szakaly, Kristin, 1996. "Constitutional Limitations on Borrowing: An Analysis of State Bonded Indebtedness," Journal of Law, Economics, and Organization, Oxford University Press, vol. 12(1), pages 62-97, April.
- Burton Abrams & William Dougan, 1986. "The effects of constitutional restraints on governmental spending," Public Choice, Springer, vol. 49(2), pages 101-116, January.
- Dale Bails and Margie A. Tieslau, 2000. "The Impact of Fiscal Constitutions on State and Local Expenditures," Cato Journal, Cato Journal, Cato Institute, vol. 20(2), Fall.
- Bayoumi, Tamim & Goldstein, Morris & Woglom, Geoffrey, 1995. "Do Credit Markets Discipline Sovereign Borrowers? Evidence from the U.S. States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(4), pages 1046-1059, November.
- John Dove, 2012. "Credible commitments and constitutional constraints: state debt repudiation and default in nineteenth century America," Constitutional Political Economy, Springer, vol. 23(1), pages 66-93, March.
- Torsten Persson & Guido Tabellini, 2004. "Constitutional Rules and Fiscal Policy Outcomes," American Economic Review, American Economic Association, vol. 94(1), pages 25-45, March.
- Ronald J. Shadbegian, 1996. "Do Tax And Expenditure Limitations Affect The Size And Growth Of State Government?," Contemporary Economic Policy, Western Economic Association International, vol. 14(1), pages 22-35, January.
- Per Pettersson-Lidbom, 2010. "Dynamic Commitment and the Soft Budget Constraint: An Empirical Test," American Economic Journal: Economic Policy, American Economic Association, vol. 2(3), pages 154-179, August.
- Arnt Hopland, 2014. "Voter information and electoral outcomes: the Norwegian list of shame," Public Choice, Springer, vol. 161(1), pages 233-255, October.
- David M. Primo, 2006. "Stop Us Before We Spend Again: Institutional Constraints On Government Spending," Economics and Politics, Wiley Blackwell, vol. 18(3), pages 269-312, November.
- Yilin Hou & Daniel Smith, 2010. "Do state balanced budget requirements matter? Testing two explanatory frameworks," Public Choice, Springer, vol. 145(1), pages 57-79, October.
- Jorge Streb & Gustavo Torrens, 2013.
"Making rules credible: divided government and political budget cycles,"
Springer, vol. 156(3), pages 703-722, September.
- Jorge M. Streb & Gustavo F. Torrens, 2009. "Making rules credible: Divided government and political budget cycles," CEMA Working Papers: Serie Documentos de Trabajo. 395, Universidad del CEMA.
- Jonathan A. Rodden & Gunnar S. Eskeland (ed.), 2003. "Fiscal Decentralization and the Challenge of Hard Budget Constraints," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262182297, July.
- Dongwon Lee & Thomas E. Borcherding & Youngho Kang, 2014. "Public Spending and the Paradox of Supermajority Rule," Southern Economic Journal, Southern Economic Association, vol. 80(3), pages 614-632, January.
- Dale Bails, 1982. "A critique on the effectiveness of tax-expenditure limitations," Public Choice, Springer, vol. 38(2), pages 129-138, January.
- Bayoumi, Tamim & Goldstein, Morris & Woglom, Geoffrey, 1995. "Do Credit Markets Discipline Sovereign Borrowers? Evidence from US States," CEPR Discussion Papers 1088, C.E.P.R. Discussion Papers.
- Robert C. Lowry, 2001. "A Visible Hand? Bond Markets, Political Parties, Balanced Budget Laws, and State Government Debt," Economics and Politics, Wiley Blackwell, vol. 13(1), pages 49-72, March.
- Rose, Shanna, 2010. "Institutions and Fiscal Sustainability," National Tax Journal, National Tax Association, vol. 63(4), pages 807-837, December.
More about this item
KeywordsDefault; Sovereign debt; Fiscal constraints; Panic of 1893; Credible commitments;
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
- H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
- N21 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: Pre-1913
- N41 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: Pre-1913
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:ecogov:v:17:y:2016:i:2:d:10.1007_s10101-015-0172-y. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .