The Case for State Borrowing as a Response to the Current Crises

Tax Notes State, September 14, 2020, p. 1137

7 Pages Posted: 11 Nov 2020

See all articles by Darien Shanske

Darien Shanske

University of California, Davis - School of Law

David Gamage

Indiana University Maurer School of Law

Date Written: September 14, 2020

Abstract


This essay explains how and why U.S. state governments can and should borrow funds in the absence of sufficient federal aid during the COVID-19 pandemic.

Keywords: state and local tax, fiscal federalism, budget crisis, government borrowing

JEL Classification: K34

Suggested Citation

Shanske, Darien and Gamage, David, The Case for State Borrowing as a Response to the Current Crises (September 14, 2020). Tax Notes State, September 14, 2020, p. 1137, Available at SSRN: https://ssrn.com/abstract=3717323

Darien Shanske

University of California, Davis - School of Law ( email )

400 Mrak Hall Dr
Davis, CA CA 95616-5201

David Gamage (Contact Author)

Indiana University Maurer School of Law ( email )

211 S. Indiana Avenue
Bloomington, IN 47405
United States

HOME PAGE: http://www.law.indiana.edu/about/people/bio.php?name=gamage-david

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