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- W2890577821 abstract "Do state and local governments smooth their consumption spending across years, or is their spending driven mainly by contemporaneous changes in resources? We design a test to determine which view of state and local spending is more consistent with the data. We find that state and local spending is determined primarily by current (as opposed to permanent) resources. That is, despite their apparent ability to skirt balanced budget laws, states and localities do not typically smooth their expenditures over time." @default.
- W2890577821 created "2018-09-27" @default.
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- W2890577821 date "1988-01-01" @default.
- W2890577821 modified "2023-09-26" @default.
- W2890577821 title "Intertemporal Analysis Of The State And Local Government Spending: Theory And Tests" @default.
- W2890577821 hasPublicationYear "1988" @default.
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