Improving the Impact of Federal Aid to the States
Federal Reserve Bank of Chicago
affiliation not provided to SSRN
Federal Reserve Banks - Federal Reserve Bank of Chicago
August 9, 2010
Economic Perspectives, Vol. 34, No. 3, 2010
In response to recessions beginning in 1975, 2001, and 2007, the federal government provided financial aid to states with the dual goals of stabilizing state finances and stimulating the economy. The timing of fund provision and the ultimate allocation of funds were often less than optimal. The authors look at how to design a more effective process for starting and stopping state aid.
Number of Pages in PDF File: 17
Keywords: counter cyclical federal aid; state budget response to the business cycle; automatic triggers
JEL Classification: H11, H70, H71, H72Accepted Paper Series
Date posted: August 9, 2010
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