Kotlikoff, Laurence; Baker, Bruce; Besendorfer, Daniel - National Bureau of Economic Research (NBER) - 2002
This study presents intertemporal budgeting as of 1999 for all 50 U.S.states. Intertemporal state budgeting compares the present value of a state's projected receipts with the present value of its projected expenditures (exclusive of interest payments)plus the current value of its net debt...