Saving for a rainy day: estimating the appropriate size of U.S. state budget stabilization funds
Download full text from publisher
References listed on IDEAS
- Richard H. Mattoon & Leslie McGranahan, 2012. "State tax revenues over the business cycle: patterns and policy responses," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jun.
- Wagner, Gary A., 2004. "The Bond Market and Fiscal Institutions: Have Budget Stabilization Funds Reduced State Borrowing Costs?," National Tax Journal, National Tax Association;National Tax Journal, vol. 57(4), pages 785-804, December.
- Christian Gonzalez & Arik Levinson, 2003. "State Rainy Day Funds and the State Budget Crisis 2002-?," Working Papers gueconwpa~03-03-05, Georgetown University, Department of Economics.
- Morten O. Ravn & Harald Uhlig, 2002. "On adjusting the Hodrick-Prescott filter for the frequency of observations," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 371-375.
- Clemens, Jeffrey, 2013. "State Fiscal Adjustment During Times of Stress: Possible Causes of the Severity and Composition of Budget Cuts," MPRA Paper 55921, University Library of Munich, Germany.
- Yilin Hou, 2005. "Fiscal Reserves and State Own-Source Expenditure in Downturn Years," Public Finance Review, , vol. 33(1), pages 117-144, January.
- Donald Bruce & William F. Fox & M.H. Tuttle, 2006. "Tax Base Elasticities: A Multi-State Analysis of Long-Run and Short-Run Dynamics," Southern Economic Journal, Southern Economic Association, vol. 73(2), pages 315-341, October.
- Gary A. Wagner & Erick M. Elder, 2005. "The Role of Budget Stabilization Funds in Smoothing Government Expenditures over the Business Cycle," Public Finance Review, , vol. 33(4), pages 439-465, July.
- Erick M. Elder & Gary A. Wagner, 2013. "Revenue Cycles and Risk-Sharing in Local Governments: An Analysis of State Rainy Day Funds," National Tax Journal, National Tax Association;National Tax Journal, vol. 66(4), pages 939-960, December.
- Gary Wagner & Russell Sobel, 2006. "State budget stabilization fund adoption: Preparing for the next recession or circumventing fiscal constraints?," Public Choice, Springer, vol. 126(1), pages 177-199, January.
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- repec:ucp:tpolec:doi:10.1086/697140 is not listed on IDEAS
- Timothy J. Goodspeed, 2016.
"Absorbing Shocks: National Rainy-Day Funds and Cross-Country Transfers in a Fiscal Union,"
FinanzArchiv: Public Finance Analysis,
Mohr Siebeck, Tübingen, vol. 72(4), pages 407-420, December.
- Timothy J. Goodspeed, 2016. "Absorbing Shocks: National Rainy-Day Funds and Cross-Country Transfers in a Fiscal Union," Economics Working Paper Archive at Hunter College 446, Hunter College Department of Economics, revised 07 Nov 2016.
- Timothy J. Goodspeed, 2016. "Absorbing Shocks: National Rainy-Day Funds and Cross-Country Transfers in Fiscal Union," Working Papers. Collection A: Public economics, governance and decentralization 1606, Universidade de Vigo, GEN - Governance and Economics research Network.
- Timothy J. Goodspeed, 2016. "Absorbing Shocks: National Rainy-Day Funds and Cross-Country Transfers in a Fiscal Union," CESifo Working Paper Series 6118, CESifo Group Munich.
- Kodrzycki, Yolanda & Zhao, Bo, 2015. "Achieving greater fiscal stability: guidance for the New England states," New England Public Policy Center Research Report 15-2, Federal Reserve Bank of Boston.
- Jeffrey Clemens & Benedic Ippolito, 2018.
"Implications of Medicaid Financing Reform for State Government Budgets,"
Tax Policy and the Economy,
University of Chicago Press, vol. 32(1), pages 135-172.
- Jeffrey Clemens & Benedic Ippolito, 2017. "Implications of Medicaid Financing Reform for State Government Budgets," NBER Chapters,in: Tax Policy and the Economy, Volume 32, pages 135-172 National Bureau of Economic Research, Inc.
- Jeffrey Clemens & Benedic Ippolito, 2017. "Implications of Medicaid Financing Reform for State Government Budgets," NBER Working Papers 23965, National Bureau of Economic Research, Inc.
More about this item
Keywordsrainy day funds; budget stabilization funds; revenue cyclicality;
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
- H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
NEP fieldsThis paper has been announced in the following NEP Reports:
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:fip:fedbwp:14-12. 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: (Catherine Spozio). General contact details of provider: http://edirc.repec.org/data/frbbous.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.