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Working Paper
Creating a national state rainy day fund: a modest proposal to improve future state fiscal performance
Throughout the 1990s states created budget stabilization (rainy day) funds to help provide counter-cyclical support in their budgeting process. Despite the sweeping popularity of such funds, many states have failed to adopt either contribution or expenditure rules that would create significant balances in their rainy day accounts.> This paper ask the question; what would happen if a national rainy day fund were established for the states with specific contribution and expenditure rules? The proposed fund would borrow from the unemployment compensation trust fund model by creating experience ...
Journal Article
Legislating funds availability
Journal Article
Capital idea
Native CDFIs are providing much-needed credit in Indian country.
Journal Article
Delayed availability