State and local government spending has steadily increased across the district, and states have unique spending priorities

Across different layers of the U.S. government there are surprisingly large differences in institutional provisions that impose fiscal discipline, such as constitutionally mandated deficit or debt limits, or specific tax bases. In this paper we develop a framework that can be used to...

The article analyses the state and specific features of financial provision of the healthcare system in Ukraine compared to other countries of the world. It proves existence of dependence between the general healthcare expenditures and life expectancy of the population. Using the curve of...

We examine how state governments adjusted spending in response to the large temporary increase in federal grants under the 2009 American Recovery and Reinvestment Act (ARRA). We concentrate our analysis on ARRA highway grants, which were especially likely to crowd out states’ own highway...

State and local government employees have long enjoyed the perk of a guaranteed pension in retirement, but that may no longer be the case — because of the recent recession, state budgets are in trouble. Many states have under-funded their pension plans to pay current expenses, and many pension...

Much attention has been paid to the significant underfunding of many state and local employee pension plans, as well as efforts by states and cities to alleviate that underfunding by modifying the benefits provided to workers. Yet relatively little attention has been paid to the systemic causes...

The fall in state tax revenue during the current recession and the one in 2001 highlights an increase in the variability of this source of revenue that has been observed over the past two decades or so. But states have sources of revenue other than taxes. However, while providing a relatively...