Journal Article
Federal fiscal policy in the 1960's
anonymous (1968-09)
Federal Reserve Bulletin , Issue Sep

Journal Article
Institutions and government growth: a comparison of the 1890s and the 1930s
Garrett, Thomas A.; Kozak, Andrew F.; Rhine, Russell M. (2010-03)
Statistics on the size and growth of the U.S. federal government, in addition to public statements by President Franklin Roosevelt, seem to indicate that the Great Depression was the primary event that caused the dramatic growth in government spending and intervention in the private sector that continues to the present day. Through a comparison of the economic conditions of the 1890s and the 1930s, the authors argue that post-1930 government growth in the United States is not the direct result of the Great Depression, but rather is a result of institutional, legal, and societal changes that ...
Review , Volume 92 , Issue Mar , Pages 109-120

Working Paper
How Biased Are U.S. Government Forecasts of the Federal Debt?
Ericsson, Neil R. (2017-01-06)
Government debt and forecasts thereof attracted considerable attention during the recent financial crisis. The current paper analyzes potential biases in different U.S. government agencies? one-year-ahead forecasts of U.S. gross federal debt over 1984-2012. Standard tests typically fail to detect biases in these forecasts. However, impulse indicator saturation (IIS) detects economically large and highly significant time-varying biases, particularly at turning points in the business cycle. These biases do not appear to be politically related. IIS defines a generic procedure for examining ...
International Finance Discussion Papers , Paper 1189

Speech
Managing crises without government guarantees—how do we get there?
Cumming, Christine M. (2011-10-03)
Remarks at Banking Law Symposium 2011, Paris, France.
Speech

Journal Article
On the size and growth of government
Rhine, Russell M.; Garrett, Thomas A. (2006-01)
The size of the U.S. federal government, as well as state and local governments, increased dramatically during the 20th century. This paper reviews several theories of government size and growth that are dominant in the public choice and political science literature. The theories are divided into two categories: citizen-over-state theories and state-over-citizen theories. The relationship between the 16th Amendment to the U.S. Constitution and the timing of government growth is also presented. It is likely that portions of each theory can explain government size and growth, but the challenge ...
Review , Volume 88 , Issue Jan , Pages 13-30

Journal Article
The 1957 budget
Hellmuth, William F. (1956-02)
Federal Reserve Bulletin , Issue Feb

Journal Article
Pensions in peril
Davies, Phil (2005-06)
The Region , Volume 19 , Issue Jun , Pages 6-11, 42-47

Journal Article
The evolution of Treasury cash management during the financial crisis
Santoro, Paul J. (2012-04)
The U.S. Treasury and the Federal Reserve System have long enjoyed a close relationship, each helping the other to carry out certain statutory responsibilities. This relationship proved beneficial during the 2008-09 financial crisis, when the Treasury altered its cash management practices to facilitate the Fed?s dramatic expansion of credit to banks, primary dealers, and foreign central banks.
Current Issues in Economics and Finance , Volume 18 , Issue Apr

Journal Article
The federal budget in the transition economy
anonymous (1946-02)
Federal Reserve Bulletin , Issue Feb

Journal Article
The federal budget for 1956
Hellmuth, William F. (1955-02)
Federal Reserve Bulletin , Issue Feb