This article examines the impact of fiscal policy on economic activity in the framework of the important model developed by Blinder and Solow which assesses the macroeconomic impact of federal budgetary actions. In addition to raising some questions about Blinder and Solow's conclusions...

The purpose of this paper is to evaluate the proposed allocation of funds sunder the Better Communities Act of 1973 by assessing the degree to which funds are actually allocated according to specific formulas incorporated in the legislation. Under the Better Communities Act, funds would be...

Since the mid-1930s state and local governments have issued tax- exempt industrial revenue bonds (IRBs) to finance selected busi- ness enterprises. The original argument for the creation of IRB tax exemptions is the same as that for their present day continuation: Private capital markets...

This article investigates an alternative which permits tax reduction without significant effects on the output of public services: private-sector production of public services. Empirical evidence on a wide variety of services is examined: refuse collection, fire protection, debt collection,...