State budgets and the business cycle: implications for the federal balanced budgets amendment debate

Balanced budgets and proponents often use the experience of the states with balanced budget restrictions as an argument in favor of a federal balanced budget amendment. However, the state experience is not directly relevant to the federal government. State restriction are more lenient than those considered at the federal level, and many of the techniques used by the states to blame their budgets over the business cycle are not available to the federal government.

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Year of publication:	1999
Authors:	McGranahan, Leslie
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 1999, Q III, v. 23, no. 3, p. 3-17
Publisher:	Federal Reserve Bank of Chicago
Subject:	Business cycles \| Budget \| State finance

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005373282