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Local Public Finance Dynamics and Hurricane Shocks

Jerch, Rhiannon - 2020

Since 1980, over 2,000 local governments in US Atlantic and Gulf states have been hit by a hurricane. Such natural disasters can exert severe budgetary pressure on local governments' ability to provide critical infrastructure, goods, and services. We study local government revenue, expenditure,...

Persistent link: https://www.econbiz.de/10012482269

Local Government and Old-Age Support in the New Deal

Fetter, Daniel K. - 2016

A key question in the design of public assistance to the needy is how allocation of responsibility for funding and decision-making across different levels of government influences the level and type of assistance provided. The New Deal era was a period in which this allocation changed...

Persistent link: https://www.econbiz.de/10012455920

The Political Resource Curse

Brollo, Fernanda - 2010

endogenous entry of political candidates. The evidence refers to municipalities in Brazil, where federal transfers to municipal … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor …

Persistent link: https://www.econbiz.de/10012462947

The Budgetary Repercussions of Capital Convictions

Baicker, Katherine - 2001

Control of public spending and revenues is increasingly being left to states and localities. In order to understand the consequences of such a movement on the distribution of social spending, it is necessary to understand how fiscal distress will affect state and local budgets. This paper...

Persistent link: https://www.econbiz.de/10012470338

A Computable General Equilibrium Model of Intergovernmental Aid

Nechyba, Thomas J. - 1996

This paper introduces a computable general equilibrium model of intergovernmental relations in which heterogeneous agents (i) are endowed with income and houses, (ii) are fully mobile between multiple jurisdictions, and (iii) vote in both local and state elections to determine local property and...

Persistent link: https://www.econbiz.de/10012473444

Estimating Local Fiscal Multipliers

Suárez Serrato, Juan Carlos - 2016

We propose a new source of cross-sectional variation that may identify causal impacts of government spending on the economy. We use the fact that a large number of federal spending programs depend on local population levels. Every ten years, the Census provides a count of local populations....

Persistent link: https://www.econbiz.de/10012456252

Mutual Fund Flows and the Supply of Capital in Municipal Financing

Adelino, Manuel; Cheong, Sophia Chiyoung; Choi, Jaewon; … - National Bureau of Economic Research - 2023

This paper identifies the impact of fluctuations in the supply of capital from mutual funds on municipal bond financing and makes three contributions to the literature. First, we develop an identification strategy based on the Morningstar rating methodology at the moment that funds reach 5 years...

Persistent link: https://www.econbiz.de/10014226177

Tax Deductibility and Municipal Budget Structure

Holtz-Eakin, Douglas - 1987

This paper investigates the effects of deductibility of local taxes on communities' budgetary decisions. Our focus is on how changes in the tax price of local spending induced by deductibility affect the mix between deductible and nondeductible revenue sources, and on expenditures. The...

Persistent link: https://www.econbiz.de/10012476845

The Business of City Hall

Ahern, Kenneth R. - National Bureau of Economic Research - 2021

Compared to the federal government, the average citizen in the U.S. has far greater interaction with city governments, including policing, health services, zoning laws, utilities, schooling, and transportation. At the regional level, it is city governments that provide the infrastructure and...

Persistent link: https://www.econbiz.de/10012533354

Government Audits

Cuneo, Martina; Leder-Luis, Jetson; Vannutelli, Silvia - National Bureau of Economic Research - 2023

Audits are a common mechanism used by governments to monitor public spending. In this paper, we discuss the effectiveness of auditing with theory and empirics. In our model, the value of audits depends on both the underlying presence of abuse and the government's ability to observe it and...

Persistent link: https://www.econbiz.de/10014226172