Using a 'Debt Brake' to Solve Colorado's Debt Crisis

In recent years debt in Colorado has increased at an unsustainable rate. A debt brake is simulated for the Colorado economy. When the debt brake is triggered the spending cap imposed by the Tabor Amendment is reduced, with surplus revenue earmarked for debt reduction. The simulation analysis reveals that with the debt brake in place, over two decades debt in Colorado could be reduced to a sustainable level

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Year of publication:	2019
Authors:	Merrifield, John D.
Other Persons:	Poulson, Barry W. (contributor)
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Öffentliche Ausgaben \| Public expenditure \| Öffentliche Schulden \| Public debt \| Internationale Staatsschulden \| International sovereign debt \| Haushaltskonsolidierung \| Fiscal consolidation \| Liquiditätsbeschränkung \| Liquidity constraint \| Fremdkapital \| Debt financing \| Schuldenmanagement \| Debt management

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Extent:	1 Online-Ressource (19 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 5, 2019 erstellt
Other identifiers:	10.2139/ssrn.3499129 [DOI]
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; E66 - General Outlook and Conditions ; H61 - Budget; Budget Systems ; H62 - Deficit; Surplus ; H63 - Debt; Debt Management ; H68 - Forecasts of Budgets, Deficits, and Debt ; H70 - State and Local Government; Intergovernmental Relations. General ; H71 - State and Local Taxation, Subsidies, and Revenue ; H72 - State and Local Budget and Expenditures ; H74 - State and Local Borrowing ; H75 - State and Local Government: Health, Education, and Welfare ; H76 - State and Local Government: Other Expenditure Categories
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012858154