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Federalism and the Soft Budget Constraint [PDF]
SSRN Electronic Journal, 1999 The government's incentives to bail out inefficient projects are determined by the trade-off between political benefits and economic costs, the latter depending on the decentralization of government. Two effects of federalism are derived: First, fiscal competition among local governments under factor mobility increases the opportunity costs of bailout ...
Yingyi Qian, Gerard Roland
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Science, 1974
Within the scientific community there seem to be at least two schools of thought as far as the federal budget is concerned. One holds that more money would be made available for research if only spokesmen for research could gain access to high government officials. The other view is that the research budget of the United States reflects well-considered
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Within the scientific community there seem to be at least two schools of thought as far as the federal budget is concerned. One holds that more money would be made available for research if only spokesmen for research could gain access to high government officials. The other view is that the research budget of the United States reflects well-considered
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Budget and budget system of the Russian Federation
2023The textbook discusses the theoretical and practical aspects of the functioning of the budget system, the organization and implementation of the budget process. Meets the requirements of the federal state educational standards of higher education of the latest generation. For students enrolled in bachelor's degree programs in the areas of preparation
Ol'ga Arkad'eva +2 more
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THE NATION'S BUDGET AND THE FEDERAL GOVERNMENT'S BUDGET*
The Journal of Finance, 1952s of Dissertations 487 for establishing common statutory objectives-definite economic goals. The federal objective of general welfare is too general for purposes of practical national budget building, although, of course, it serves as the basis for development of more precise objectives.
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The Real Federal Budget Imbalance*
Economic Record, 1990Using the link between nominal budget imbalances and changes in the public debt, this paper discusses the rationale and provides estimates of the real Federal budget imbalance which, over the past decade, was in surplus more often than indicated by actual outcomes.
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THE FISCAL IMPACT OF THE FEDERAL BUDGET*
The Journal of Finance, 1966THIS STUDY FINDS that a weighted full employment budget surplus is the best measure of the aggregate demand impact of U.S. fiscal policy. By tracing the behavior of this weighted surplus for the years 1952-64, the study attempts to appraise the contribution of fiscal policy to the maintenance of GNP at full employment levels.
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Understanding the Federal Budget
Public Administration Review, 1997How do you capture the complexity and breadth of an entity that spends over $1.5 trillion and employs over 4.5 million people? As an initial step in dealing with the challenges presented by the scope and magnitude of the federal government, the U.S.
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The Impact of the Federal Budget
The Review of Economics and Statistics, 1947shall escape a serious wage-price spiral, leading to collapse, within the coming year and a half. In effect, we believe, this is to assume that throughout this period union wage demands are kept within very moderate limits. No doubt it is incorrect to say that the inflationary pressure on wage levels observable at "full" employment results exclusively ...
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Journal of Social Work Education, 1998
As diminishing government funding becomes a major American preoccupation, federal social policies are often evaluated more in terms of their impact on the deficit than their effectiveness. This article discusses the current state and future projections of the budget and the two processes that affect fiscal policy: authorization and appropriation ...
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As diminishing government funding becomes a major American preoccupation, federal social policies are often evaluated more in terms of their impact on the deficit than their effectiveness. This article discusses the current state and future projections of the budget and the two processes that affect fiscal policy: authorization and appropriation ...
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