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Keywords:Local government 

Journal Article
Devolution: the new federalism, an overview

In recent years, a growing number of scholars and policymakers have concluded that the federal government has become too large and powerful, intruding into affairs better handled by states and municipalities. Based on this premise, they have argued for a reduction in federal aid, the conversion of matching grants to block grants, greater flexibility for states in implementing federally funded programs, and curtailment of federal mandates. Their program is popularly referred to as devolution, the devolving of federal responsibilities to lower levels of government. The controversy that ...
New England Economic Review , Issue May , Pages 1-12

Journal Article
Counterpoint: The lesson to be learned from the failed Excelsior-Henderson

Fedgazette , Volume 12 , Issue Jan , Pages 17

Journal Article
Who needs downtowns, anyway?

Were historic business districts worth saving? City leaders thought so.
Fedgazette , Volume 18 , Issue Sep , Pages 8

Newsletter
Metropolitan areas spread out

Chicago Fed Letter , Issue Jul

Newsletter
Local governments on the brink (Special Issue)

This article examines the likelihood of local governments defaulting on their debt or filing for bankruptcy. Despite the challenging fiscal environment today, the vast majority of local governments are not likely to do either, if history serves as a guide for the future.
Chicago Fed Letter , Issue May

Journal Article
Monetary restraint, borrowing, and capital spending by small local governments and state colleges in 1966

Federal Reserve Bulletin , Issue Dec

Journal Article
Excelsior-Henderson: Motorcycle dream fades in bankruptcy

Fedgazette , Volume 12 , Issue Jan , Pages 16

Journal Article
Early childhood development on a large scale

The Region , Volume 19 , Issue Jun , Pages 12-17

Journal Article
Recent developments in the state and local government sector

Federal Reserve Bulletin , Issue Nov

Working Paper
The flypaper effect unstuck: evidence on endogenous grants from the Federal Highway Aid Program

Contrary to simple theoretical predictions, previous empirical research has found that state government public spending is increased far more, often dollar-for-dollar, by federal grant receipts than by equivalent increases in constituent private income. This anomaly has come to be known as the flypaper effect. First, a legislative bargaining model developed in this paper provides a critique of this empirical finding. The model demonstrates a positive correlation between constituent preferences for public goods and intergovernmental grant receipts, and this correlation has likely biased the ...
Finance and Economics Discussion Series , Paper 2000-49

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Davies, Phil 4 items

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