Restraining Yourself : Fiscal Rules and Stabilization

Fiscal Rules and Stabilization

Restraining Yourself : Fiscal Rules and Stabilization
State budgets in the United States played a significant macroeconomic role in the 1970s and 1980s, and the level of cyclical responsiveness was affected by the severity of statutory and constitutional fiscal restraints. Moving from no fiscal restraints to the most stringent restraints lowered the fiscal offset to income fluctuations by around 40... READ MORE...

Publication date: July 1994
ISBN 9781451954708
$15.00

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