State fiscal condition is multifaceted and difficult to measure. Using a method developed in previous research, I create the cash, budget, long-run, and service-level solvency indices using fiscal year 2012 data to measure the dimensions of fiscal condition. The five states with the...

Der <Schuldenmonitor> der Bertelsmann Stiftung prophezeit es bereits seit drei Jahren: Die Bundesländer erwartet ein beträchtlicher Konsolidierungsbedarf. Aber welche Möglichkeiten stehen für eine solche Konsolidierung offen? Wie stellen sich die Konsolidierungsanstrengungen im Vergleich dar? Welche...</schuldenmonitor>

This paper explores how state fiscal institutions and political circumstances affect the dynamics of state taxes and spending during periods of fiscal stress. The analysis focuses on the late 1980s, when sharp economic downturns in several regions, coupled with increased expenditure demands, led...

This paper explores how state fiscal institutions and political circumstances affect the dynamics of state taxes and spending during periods of fiscal stress. The analysis focuses on the late 1980s, when sharp economic downturns in several regions, coupled with increased expenditure demands, led...