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Education, Welfare, and the "New" Federalism : State Budgeting in a Federalist Public Economy
Craig, Steven G.; Inman, Robert P. - 2021
President Reagan's proposal for a "New Federalism" raises a fundamental challenge to our current structure of Federal …-state-local fiscal relations.This research examInes the lIkely consequences of the New Federalism for fiscal allocations by state … and more on tax relief and the numerous other state activities. Second, the New Federalism, as it relaxes the spending …
Persistent link: https://www.econbiz.de/10013234083
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State Gun Policy and Cross-State Externalities : Evidence from Crime Gun Tracing
Knight, Brian G. - 2011
This paper provides a theoretical and empirical analysis of cross-state externalities associated with gun regulations in the context of the gun trafficking market. Using gun tracing data, which identify the source state for crime guns recovered in destination states, we find that firearms in...
Persistent link: https://www.econbiz.de/10013119952
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Experimentation in Federal Systems
Callander, Steven - 2013
We present a model where heterogeneous districts choose both whether to experiment and the policies to experiment with. Since districts learn from each other, the first-best requires that policy experiments converge so that innovations are useful also for neighbors. However, the equilibrium...
Persistent link: https://www.econbiz.de/10013073557
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Inconsistent Regulators : Evidence from Banking
Agarwal, Sumit - 2012
US state chartered commercial banks are supervised alternately by state and federal regulators. Each regulator supervises a given bank for a fixed time period according to a predetermined rotation schedule. We use unique data to examine differences between federal and state regulators for these...
Persistent link: https://www.econbiz.de/10013112843
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Unintended Consequences from Nested State & Federal Regulations : the Case of the Pavley Greenhouse-Gas-Per-Mile Limits
Goulder, Lawrence H. - 2009
Fourteen U.S. states recently pledged to adopt limits on greenhouse gases (GHGs) per mile of light-duty automobiles. Previous analyses predicted this action would significantly reduce emissions from new cars in these states, but ignored possible offsetting emissions increases from policy-induced...
Persistent link: https://www.econbiz.de/10013156421
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Splendid Associations of Favored Individuals : Federal and State Commercial Banking Policy in the Federalist Era
Bodenhorn, Howard - 2009
Early American firms were shaped by contemporary social conceptions of appropriate horizontal power relations inside the firm and the Federalist era bank was shaped by these conceptions. The Federalist era debate on the corporation was much broader than how shareholders would treat with one...
Persistent link: https://www.econbiz.de/10013158035
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Majority Choice of Taxation and Redistribution in a Federation
Calabrese, Stephen - 2018
We provide a model with a federal government and multiple local governments, the former with power to levy an income tax for redistribution, and the latter choosing a local income tax, property tax, lump-sum tax or subsidy, and a local public good. Policy is set by majority choice at each tier...
Persistent link: https://www.econbiz.de/10012910304
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Intergovernmental Cooperation and Tax Enforcement
Troiano, Ugo - 2017
Improving the efficiency of tax collection is important for development and fairness purposes. I study the Audit Exchange Information Agreements, which are agreements between the states and the U.S. federal government to exchange information about income tax audit plans and techniques, signed...
Persistent link: https://www.econbiz.de/10012940795
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Fiscal Rules, Bailouts, and Reputation in Federal Governments
Dovis, Alessandro - 2017
Expectations of transfers by central governments incentivize overborrowing by local governments. In this paper, we ask if fiscal rules can reduce overborrowing if central governments cannot commit. We study a model in which the central government's type is unknown and show that fiscal rules...
Persistent link: https://www.econbiz.de/10012945158
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Lifting the Curse of Dimensionality : Measures of the Labor Legislation Climate in the States During the Progressive Era
Fishback, Price V. - 2010
One of the most difficult problems in the social sciences is measuring the policy climate in societies. Prior to the 1930s the vast majority of labor regulations in the U.S. were enacted at the state level. In this paper we develop several summary measures of labor regulation that document the...
Persistent link: https://www.econbiz.de/10012758595