Abstract

http://ssrn.com/abstract=1675003
 
 

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Minimizing the Harm of State Fiscal Volatility


Jeremy Bearer-Friend


University of California at Berkeley

David Gamage


University of California, Berkeley - Boalt Hall School of Law

September 6, 2010

State Tax Notes, Vol. 57, No. 10, p. 633, 2010

Abstract:     
This report’s primary concern is how U.S. state governments should respond to the fiscal volatility created by their balanced budget constraints. Applying the principles of risk allocation theory to this recurring problem, we conclude that states should primarily adjust the rates of broad-based taxes as their economies cycle, rather than fluctuating public spending.

Number of Pages in PDF File: 14

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Date posted: September 11, 2010 ; Last revised: March 7, 2011

Suggested Citation

Bearer-Friend, Jeremy and Gamage, David, Minimizing the Harm of State Fiscal Volatility (September 6, 2010). State Tax Notes, Vol. 57, No. 10, p. 633, 2010. Available at SSRN: http://ssrn.com/abstract=1675003

Contact Information

Jeremy Bearer-Friend
University of California at Berkeley ( email )
310 Barrows Hall
Berkeley, CA 94720
United States
David Gamage (Contact Author)
University of California, Berkeley - Boalt Hall School of Law ( email )
215 Boalt Hall
Berkeley, CA 94720-7200
United States
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