Should the federal government bail out the states? Lessons from past recessions

Like the economy in general, individual state economies are struggling in this recession. State governments face significant constraints in raising additional revenues. Most states are required to balance their budgets regardless of the economic environment. This article considers the role of the federal government in helping the states to manage their finances.

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Year of publication:	2009
Authors:	Mattoon, Richard H.
Published in:	Chicago Fed Letter. - Federal Reserve Bank of Chicago. - 2009, Aug, 265
Publisher:	Federal Reserve Bank of Chicago
Subject:	Federal government \| State finance

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004994155