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How Does the U.S. Government Finance Fiscal Shocks?

Berndt, Antje - 2010

We develop a method for identifying and quantifying the fiscal channels that help finance government spending shocks. We define fiscal shocks as surprises in defense spending and show that they are more precisely identified when defense stock data are used in addition to aggregate macroeconomic...

Persistent link: https://www.econbiz.de/10013137024

Government Form and Public Spending : Theory and Evidence from U.S. Municipalities

Coate, Stephen - 2010

There are two main forms of government in U.S. cities: council-manager and mayor-council. This paper develops a theory … of fiscal policy determination under these two forms. The theory predicts that expected public spending will be lower … means that the theory is consistent with the co-existence of both government forms. Support for the former prediction is …

Persistent link: https://www.econbiz.de/10012757587

Generational Accounting and Immigration in the United States

Auerbach, Alan J.; Oreopoulos, Philip - 2021

In recent years, the renewed strength of immigration to the United States has sparked a debate about the economic effects of immigration. A central issue in this debate has been the fiscal impact of immigrants. Most research in this area has adopted a static, cross-section approach in assessing...

Persistent link: https://www.econbiz.de/10013236689