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Political competition, causal relationships between taxes and spending, and their influence on government size: evidence from state-level data

Rogers, Diane Lim; Rogers, John H. - Federal Reserve Board (Board of Governors of the … - 1995

Theories of fiscal illusion and political competition have different implications for (i) the causal relationships between taxes and spending, and (ii) government size. These are tested using data from u.s. states from 1950 to 1990. We find evidence that greater political competition generally...

Persistent link: https://www.econbiz.de/10005372562

Challenges for state and local governments : a speech at the 2011 Annual Awards Dinner of the Citizens Budget Commission, New York, New York, March 2, 2011

Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2011

Persistent link: https://www.econbiz.de/10010725272

State and local fiscal indicators

Kusko, Andrea L.; Rubin, Laura S. - Federal Reserve Board (Board of Governors of the … - 1993

Persistent link: https://www.econbiz.de/10005726762

Challenges for state and local governments : a speech at the 2011 Annual Awards Dinner of the Citizens Budget Commission, New York, New York, March 2, 2011

Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2011

Persistent link: https://www.econbiz.de/10010674333

State capital taxes and the location of investment: empirical lessons from theoretical models of tax competition

Knight, Brian - Federal Reserve Board (Board of Governors of the … - 2002

Applying insights from theoretical tax competition models, this study of manufacturing investment and taxes in U.S. states makes four contributions to the empirical tax competition literature. First, while the existing empirical literature has assumed exogenous tax rates, the theoretical model,...

Persistent link: https://www.econbiz.de/10005394214

The flypaper effect unstuck: evidence on endogenous grants from the Federal Highway Aid Program

Knight, Brian - Federal Reserve Board (Board of Governors of the … - 2000

Contrary to simple theoretical predictions, previous empirical research has found that state government public spending is increased far more, often dollar-for-dollar, by federal grant receipts than by equivalent increases in constituent private income. This anomaly has come to be known as the...

Persistent link: https://www.econbiz.de/10005513073

Permanent and transitory components of business cycles: their relative importance and dynamic relationship

Kim, Chang-Jin; Piger, Jeremy; Startz, Richard - Federal Reserve Board (Board of Governors of the … - 2001

This paper investigates the relationship between permanent and transitory components of U.S. recessions in an empirical … divide real GNP into permanent and transitory components, the dynamics of which are different in booms vs. recessions. We … find evidence of substantial asymmetries in postwar recessions, and that both the permanent and transitory component have …

Persistent link: https://www.econbiz.de/10005368389

Unemployment, the labor market, and the economy: a speech at the World Leaders Forum, Columbia University, New York, New York, Oct. 20, 2011

Tarullo, Daniel K. - Federal Reserve Board (Board of Governors of the … - 2011

Persistent link: https://www.econbiz.de/10010725229

Recessions and recoveries associated with asset-price movements: what do we know? : a speech at the Stanford Institute for Economic Policy Research, Stanford, California, January 1...

Ferguson, Roger W. - Federal Reserve Board (Board of Governors of the … - 2005

Persistent link: https://www.econbiz.de/10010725434

How Well Did Social Security Mitigate the Effects of the Great Recession?

Peterman, William B.; Sommer, Kamila - Federal Reserve Board (Board of Governors of the … - 2014

This paper quantifies the welfare implications of the U.S. Social Security program during the Great Recession. We find that the average welfare losses due to the Great Recession for agents alive at the time of the shock are notably smaller in an economy with Social Security relative to an...

Persistent link: https://www.econbiz.de/10010784157