U.S. State and Local Government Finances Over the Current Cycle /
The recent slowdown in the U.S. economy has led to state and local government tax increases and expenditure cuts that have lowered aggregate demand, in contrast to earlier downturns when the sector provided significant automatic stabilizers. Several explanations for this change are examined, includi...
| প্রধান লেখক: | |
|---|---|
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
1992.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 1992/112 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |
| সংক্ষিপ্ত: | The recent slowdown in the U.S. economy has led to state and local government tax increases and expenditure cuts that have lowered aggregate demand, in contrast to earlier downturns when the sector provided significant automatic stabilizers. Several explanations for this change are examined, including the role of federal grants, mandates, tax revolts, and compensation. The first three factors are found to be relatively unimportant. There does, however, appear to have been a large change in relative compensation over the 1980s, which can account for much of the deterioration in finances. |
|---|---|
| উপাদানের বিবরণ: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| দৈহিক বর্ননা: | 1 online resource (35 pages) |
| বিন্যাস: | Mode of access: Internet |
| আইএসএসএন: | 1018-5941 |
| প্রবেশাধিকার: | Electronic access restricted to authorized BRAC University faculty, staff and students |