Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Chicago
Economic Perspectives
State budgets and the business cycle: implications for the federal balanced budgets amendment debate
Leslie McGranahan
Abstract

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.


Download Full text
Cite this item
Leslie McGranahan, "State budgets and the business cycle: implications for the federal balanced budgets amendment debate" , Federal Reserve Bank of Chicago, Economic Perspectives, issue Q III, pages 3-17, 1999.
More from this series
JEL Classification:
Subject headings:
Keywords: Business cycles ; Budget ; State finance
For corrections, contact Bernie Flores ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal