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The dynamics of municipal fiscal adjustment

Büttner, Thiess; Wildasin, David E. - In: Journal of public economics 90 (2006) 6/7, pp. 1115-1132

The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a panel of more than 1000 U.S. municipalities over a quarter of a century. Distinguishing ownsource revenue, grants, expenditures, and debt service, the analysis is carried out using a vector...

Persistent link: https://www.econbiz.de/10003326268