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This book provides a historical understanding of current debates over tax reform and offers a comparative framework for discussing the relationship between fiscal policy and the distribution of income and wealth. Topics covered include the evolution of income taxation since World War II; the...
Persistent link: https://www.econbiz.de/10012396807
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/10012462199
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 …
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In this paper, I review US federal budget rules and present some evidence on their possible effects. From an analysis of how components of the federal budget behaved under the different budget regimes, it appears that the rules did have some effects, rather than simply being statements of policy...
Persistent link: https://www.econbiz.de/10012464358
"This book provides critical insights about how U.S. policymaking is likely to be imperiling America's future, and how only the most efficient and productive organizations and governments will reap globalization's greatest rewards. Twenty-seven common-good indicators are presented for assessing...
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