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Budget Stabilization Fund in Interaction with Balanced Budget Requirements
2012In this chapter, I examine how the budget stabilization fund (BSF) interacts with balanced budget requirements (BBR); that is, in what way and to what extent the saving behavior of state governments is affected by the adoption of the stabilization fund in a BBR environment. While BBR are a long-standing institution, BSF is new.
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Local Government Budget Stabilization: An Introduction
2015This chapter is the general introduction and overview of the volume. The first section provides the motivation and rationales for this volume. The second section discusses some major issues and considerations of a tentative framework for empirical analyses of government budget stabilization at the local level.
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Budget boost offers stability to US science
Physics World, 2011US President Barack Obama has signed into law the COMPETES Re-authorization Act that will provide an additional $43bn for science, technology and education during the next three years and help to commercialize emerging technologies.
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Local Government Debt Management and Budget Stabilization
2015Debt can be friend or foe when it comes to budget stabilization. While short-term debt may be used to bridge temporary cash shortfalls that arise from incongruent timing of revenue receipts and expenditure payments, most state and local governments have balanced budget requirements that restrict the use of short-term debt for current (or operating ...
Dwight V. Denison, Zihe Guo
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Subnational Government Tools for Budget Stabilization
2012The two major policy tools for budget stabilization at the subnational level are general fund surplus (GFS) and budget stabilization funds (BSF); this chapter elaborates on these two tools with regard to their definitions, working mechanisms, data sources, and changing patterns over their evolution in the past half century.
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Balancing the Budget: Equilibria and Stability
2001In this chapter we analyze the evolution of the economic system when government fiscal policy pursues budget balance. In particular we look for equilibrium points when balancing is obtained either by consumption taxes or through profit taxes or through both of them.
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Budget Deficits, Stability, and the Monetary Dynamics of Hyperinflation
Journal of Money, Credit and Banking, 1989Hyperinflationary processes usually occur in countries with extremely large budget deficits. In models of inflationary finance with rational expectations (e.g., Buiter [1987]), large budget deficits cannot lead to hyperinflation. The purpose of this paper is to reconcile the standard theoretical model with the stylized facts.
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Paths to stability for college admissions with budget constraints
International Journal of Game Theory, 2016zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Making Budget Stabilization Funds Work
This dissertation examined the impact of Budget Stabilization Fund (BSF) rule stringency on fiscal slack levels within state governments. Across the United States, states have implemented BSFs to stabilize their budgets during economic downturns. However, there is considerable variation in the stringency of rules governing BSF deposits and withdrawals ...openaire +1 more source
Prospects for Budget Stabilization by Subnational Governments
2012This chapter concludes the book as a nonconclusion. It first briefly summarizes the key points of the whole book, then reviews the performance of countercyclical savings in the Great Recession, thereby touches upon a few issues indirectly related to budget stabilization at the subnational level that this book has not discussed.
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