Budget Institutions and Fiscal Policy in the US States

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis Budget Institutions and Fiscal Policy in the US States by : Edwards

Download or read book Budget Institutions and Fiscal Policy in the US States written by Edwards and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Budget Institutions and Fiscal Policy in the U.S. States

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Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (435 download)

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Book Synopsis Budget Institutions and Fiscal Policy in the U.S. States by : James M. Poterba

Download or read book Budget Institutions and Fiscal Policy in the U.S. States written by James M. Poterba and published by . This book was released on 1996 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper summarizes state balanced budget requirements, and the available empirical evidence on the effect of these rules on state fiscal policies. Existing state rules differ from many current proposals at the federal level. They are typically restricted to part of the state budget, they frequently permit short term borrowing, and they lack formal enforcement mechanisms. The paper also surveys previous research on how anti-deficit provisions affect state fiscal policy. The available evidence indicates that stringent anti-deficit provisions lead to more rapid adjustment of state taxes and expenditures when fiscal deficits emerge. This suggests that changing the federal budget process has the potential to affect federal fiscal policy.

Policy and Politics in State Budgeting

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Publisher : Routledge
ISBN 13 : 1317462718
Total Pages : 398 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Policy and Politics in State Budgeting by : Kurt M. Thurmaier

Download or read book Policy and Politics in State Budgeting written by Kurt M. Thurmaier and published by Routledge. This book was released on 2014-12-18 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: States are the key to contemporary government reform efforts in the United States, but we know very little about their relative effectiveness at resource allocation and their actual capacity to absorb additional fiscal and managerial responsibilities. This path-breaking study examines state budget offices as institutional actors, with special attentio to the role of budget examiners. Drawing on empirical findings from field studies of eleven states in the American heartland, the authors demonstrate how budgeting at the state level has become more policy-oriented, requiring complex decision making by budget analysts. The incrementalist model of budgetary decision-making thus gives way to a multiple rationalities model. The authors illustrate the decision-making model with the story of two office examiners who have distinctly different orientations as they begin their work, and contrast the different decision nationalities that come into play for them at different points in a typical budget cycle. The book includes a comprehensive bibliography of historical and modern writings on state budgeting operations, activities, and decision-making; state budgeting cycles; and the state-level policy development process.

Restraining Yourself

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Publisher : International Monetary Fund
ISBN 13 : 1451954700
Total Pages : 24 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Restraining Yourself by : Mr.Tamim Bayoumi

Download or read book Restraining Yourself written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1994-07-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 percent. Simulations indicate that a reduction in aggregate fiscal stabilizers of this size could lead to a significant increase in the variance of aggregate output.

Setting Discretionary Fiscal Policy Within the Limits of Budgetary Institutions

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (429 download)

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Book Synopsis Setting Discretionary Fiscal Policy Within the Limits of Budgetary Institutions by : Hai Guo

Download or read book Setting Discretionary Fiscal Policy Within the Limits of Budgetary Institutions written by Hai Guo and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Unanticipated economic fluctuations exert pressure on state governments to adjust their discretionary fiscal policies to accommodate the changing fiscal situation. Even though states adjust fiscal policy as the economy fluctuates, the typical cyclical economic factors are not the sole determinant of such adjustments. State governments budgeting systems in the United States operate under a variety of budgetary institutions. The most prominent state government budgetary institutions include balanced budget rules (BBRs), tax and expenditure limits (TELs), and supermajority voting requirements for tax increases. This dissertation examines how these budgetary institutions affect state government choices of fiscal policy under different economic conditions. To better understand the effect of state level TELs, a stringency index of state level TEL is constructed considering the major structural features. The fixed-effect panel regressions are used for the analysis of impact of TEL and BBR and tax changes and the fixed-effect Tobit is adopted to test the impact of TEL and BBR on spending cuts after the budget is adopted. The result suggests that TEL plays a more important role affecting states discretionary fiscal adjustment from the tax side, while BBR plays a more important role affecting states discretionary fiscal adjustment from the expenditure side. Results of this research show that TEL exerts pressure on states that hinder state ability to deal with volatile fiscal situations, especially in the case of periods of budget crises.

Sustaining the States

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Publisher : CRC Press
ISBN 13 : 1466555416
Total Pages : 322 pages
Book Rating : 4.4/5 (665 download)

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Book Synopsis Sustaining the States by : Marilyn Marks Rubin

Download or read book Sustaining the States written by Marilyn Marks Rubin and published by CRC Press. This book was released on 2014-08-26 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: State fiscal decisions have a significant impact on the US economy. Taken together, subnational governments employ more than one out of every eight workers and provide the bulk of all basic governmental services consumed by individuals and businesses. Sustaining the States: The Fiscal Viability of American State Governments will give you a basic understanding of trends in, current status of, and future prospects for the fiscal sustainability of state governments. After reading this book, you should have a great appreciation for the reach and multiple contributions of state governments to individuals and communities across the nation. The book examines the broad range and depth of state revenues, responsibilities, and activities. It begins with an assessment of executive budgeting in the states, then presents the experiences of states with strong executive-driven systems and the various rules and institutions that impact state government budget discipline. The book goes on to examine state revenue sources, debt, pensions, and spending, honing in on vital state functions including education, transportation, health services and public safety. It concludes with an assessment of the challenges that will test the fiscal vibrancy of US state governments going forward: vulnerability to future economic downturns, growing dependence on an increasingly austere federal government, the obsolescence of state tax systems and an ever more coercive system of federalism. Edited by experts, with a hand-picked panel of contributors, the book delineates the resources that states generate and use to conduct the business of government. The chapters outline the very real and significant constraints on the ability of the states to fulfill their responsibilities and introduce several challenges that state governments face and are actively addressing as they strive for fiscal sustainability. These features provide a clear, realistic understanding of state operations and financing in the United States, today. The book should also leave you with a sense of optimism for the capacity of state governments to advance forward.

Comparative Public Budgeting

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Publisher : Cambridge University Press
ISBN 13 : 1108187455
Total Pages : 287 pages
Book Rating : 4.1/5 (81 download)

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Book Synopsis Comparative Public Budgeting by : George M. Guess

Download or read book Comparative Public Budgeting written by George M. Guess and published by Cambridge University Press. This book was released on 2021-01-07 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every government engages in budgeting and public financial management to run the affairs of state. Effective budgeting empowers states to prioritize policies, allocate resources, and discipline bureaucracies, and it contributes to efficacious fiscal and macroeconomic policies. Budgeting can be transparent, participatory, and promote democratic decision-making, or it can be opaque, hierarchical, and encourage authoritarian rule. This book compares budgetary systems around the world by examining the economic, political, cultural, and institutional contexts in which they are formulated, adopted, and executed. The second edition has been updated with new data to offer a more expansive set of national case studies, with examples of budgeting in China, India, Indonesia, Iraq, and Nigeria. Chapters also discuss Brexit and the European Union's struggle to require balances budgets during the Euro Debt Crisis. Additionally, the authors provide a deeper analysis of developments in US budgetary policies from the Revolutionary War through the Trump presidency.

Federal Fiscal Policies

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Federal Fiscal Policies by : United States. Congress. House. Committee on the Budget. Task Force on State and Local Government

Download or read book Federal Fiscal Policies written by United States. Congress. House. Committee on the Budget. Task Force on State and Local Government and published by . This book was released on 1977 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federal Expenditure Policy for Economic Growth and Stability

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Publisher :
ISBN 13 :
Total Pages : 682 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Federal Expenditure Policy for Economic Growth and Stability by : United States. Congress. Joint Economic Committee

Download or read book Federal Expenditure Policy for Economic Growth and Stability written by United States. Congress. Joint Economic Committee and published by . This book was released on 1958 with total page 682 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rules and Restraint

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Publisher : University of Chicago Press
ISBN 13 : 0226682595
Total Pages : 220 pages
Book Rating : 4.2/5 (266 download)

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Book Synopsis Rules and Restraint by : David M. Primo

Download or read book Rules and Restraint written by David M. Primo and published by University of Chicago Press. This book was released on 2007-10 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description

Rules and Restraint

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Publisher : University of Chicago Press
ISBN 13 : 0226682617
Total Pages : 220 pages
Book Rating : 4.2/5 (266 download)

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Book Synopsis Rules and Restraint by : David M. Primo

Download or read book Rules and Restraint written by David M. Primo and published by University of Chicago Press. This book was released on 2008-09-15 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government spending has increased dramatically in the United States since World War II despite the many rules intended to rein in the insatiable appetite for tax revenue most politicians seem to share. Drawing on examples from the federal and state governments, Rules and Restraint explains in lucid, nontechnical prose why these budget rules tend to fail, and proposes original alternatives for imposing much-needed fiscal discipline on our legislators. One reason budget rules are ineffective, David Primo shows, is that politicians often create and preserve loopholes to protect programs that benefit their constituents. Another reason is that legislators must enforce their own provisions, an arrangement that is seriously compromised by their unwillingness to abide by rules that demand short-term sacrifices for the sake of long-term gain. Convinced that budget rules enacted through such a flawed legislative process are unlikely to work, Primo ultimately calls for a careful debate over the advantages and drawbacks of a constitutional convention initiated by the states—a radical step that would bypass Congress to create a path toward change. Rules and Restraint will be required reading for anyone interested in institutional design, legislatures, and policymaking.

Budgeting in the States

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Publisher : Praeger
ISBN 13 :
Total Pages : 340 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Budgeting in the States by : Edward J. Clynch

Download or read book Budgeting in the States written by Edward J. Clynch and published by Praeger. This book was released on 2006-09-30 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Budgeting is a central activity in state government, and annual or biennial appropriations are the most important recurring decisions made by state legislatures. Gubernatorial recommendations reflect state agency program needs and portray the policy priorities of the chief executive. Legislative appropriations determine which agency programs, gubernatorial policy initiatives and legislative constituencies receive financial support. Budget execution decisions by state agencies determine how the policy decisions of the governor and legislature are actually implemented. In short, state budgeting determines how much money will be available for state spending, which policies will be initiated and implemented, and whose social and political values will prevail in state governance.

Financial Report of the United States Government

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Publisher :
ISBN 13 :
Total Pages : 260 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Financial Report of the United States Government by :

Download or read book Financial Report of the United States Government written by and published by . This book was released on 2009 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Budgetary Politics in American Governments

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Publisher : Routledge
ISBN 13 : 113584562X
Total Pages : 313 pages
Book Rating : 4.1/5 (358 download)

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Book Synopsis Budgetary Politics in American Governments by : James J. Gosling

Download or read book Budgetary Politics in American Governments written by James J. Gosling and published by Routledge. This book was released on 2009-04-15 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: The public budgeting process intensifies political competition at all levels of the U.S. federal system. Gosling clearly explains the intergovernmental dynamics of the actors, institutions, and processes of U.S. public budgeting at the local, state, and federal levels—both now and through changes of the last several decades. This edition examines tax policy in the 2008 presidential elections, budgeting for military expenditures in Iraq and Afghanistan, and the challenges facing state and local governments during budget shortfalls. Updates throughout focus on fiscal policy and budgetary politics during the George W. Bush administration and projections into Obama’s presidency. In addition, Gosling adds a new chapter on the nuts and bolts of the budgetary process, focused on the implications of budget formats for political outcomes.

Budget Deficits and Budget Institutions

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Budget Deficits and Budget Institutions by : Alberto Alesina

Download or read book Budget Deficits and Budget Institutions written by Alberto Alesina and published by . This book was released on 1996 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issues. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and US states.

Budget Deficits and Budget Institutions

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Publisher : International Monetary Fund
ISBN 13 : 1451847203
Total Pages : 36 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Budget Deficits and Budget Institutions by : Mr.Alberto Alesina

Download or read book Budget Deficits and Budget Institutions written by Mr.Alberto Alesina and published by International Monetary Fund. This book was released on 1996-05-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issue. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and the United States. We conclude with a discussion of the normative implications of this literature and with some concrete proposals.

Guidelines for Public Expenditure Management

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Publisher : International Monetary Fund
ISBN 13 : 9781557757876
Total Pages : 84 pages
Book Rating : 4.7/5 (578 download)

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Book Synopsis Guidelines for Public Expenditure Management by : Mr.Jack Diamond

Download or read book Guidelines for Public Expenditure Management written by Mr.Jack Diamond and published by International Monetary Fund. This book was released on 1999-07-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.