change in policy allows estimation of the impact of altered federalism. By looking at how states reacted to their enhanced … with significantly lower student achievement growth. As a result, this readjustment of federalism to decision making by … lower levels appeared to lower national achievement. The snapshot of federalism impacts here is a lower bound on the effects …

the literature on the role of intergovernmental grants in systems of fiscal federalism. Second, we provide an updated look … directions for future research on the economics of fiscal federalism and the role of intergovernmental grants as policy …

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 …