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Journal Article
The impact of building restrictions on housing affordability
Glaeser, Edward L.; Gyourko, Joseph (2003-06)
This paper was presented at the conference "Policies to Promote Affordable Housing," cosponsored by the Federal Reserve Bank of New York and New York University's Furman Center for Real Estate and Urban Policy, February 7, 2002. It was part of Session 2: Affordable Housing and the Housing Market.
Economic Policy Review , Issue Jun , Pages 21-39

Journal Article
An acquired taste for public goodies
Wirtz, Ronald A. (2004-01)
State and local government spending has steadily increased across the district, and states have unique spending priorities
Fedgazette , Volume 16 , Issue Jan , Pages 1-5

Journal Article
Put it on my ... er, his tab
Wirtz, Ronald A. (2004-01)
Opinion polls show a big gap between the public's desire for services and its willingness to pay for those services
Fedgazette , Volume 16 , Issue Jan , Pages 5-7

Working Paper
The flypaper effect unstuck: evidence on endogenous grants from the Federal Highway Aid Program
Knight, Brian (2000)
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

Journal Article
Revenue implications of New York City's tax system
Rosen, Rae D.; Haughwout, Andrew F.; Edgerton, Jesse (2004-04)
A study of New York City's tax system finds that over the past three decades, the system has become less reliant on property and general sales taxes and more dependent on corporate and personal income taxes. This shift has made the city's tax revenues less stable than the revenues of the 1970s and more sensitive to cyclical swings.
Current Issues in Economics and Finance , Volume 10 , Issue Apr

Journal Article
Excelsior-Henderson: Motorcycle dream fades in bankruptcy
anonymous (2000-01)
Fedgazette , Volume 12 , Issue Jan , Pages 16

Report
The quest for cost-efficient local government in New England: what role for regional consolidation?
Kodrzycki, Yolanda (2013)
In the aftermath of the Great Recession, many local governments have experienced significant financial strain. Local governments? financial challenges are likely to continue in the foreseeable future, as federal deficit-reducing measures trigger cuts in state and local aid and as all levels of government struggle to fund their medical and retirement obligations. In an effort to maintain service provision without significant tax increases, many cities and towns will be forced to consider a variety of cost-cutting measures, including joint service provision with other localities. ; This ...
New England Public Policy Center Research Report , Paper 13-1

Journal Article
To save a city
Davies, Phil (2006-09)
How far should government power extend into private markets in the wake of a disaster?
Fedgazette , Volume 18 , Issue Sep , Pages 7-10

Journal Article
Hunting for a solution: Resident and nonresident hunters duel over the benefits of state game resources
Cataldo, Rosie (2002-07)
Fedgazette , Volume 14 , Issue Jul , Pages 13-15

Working Paper
Output fluctuations and fiscal policy : U.S. state and local governments 1978-1994
Sorensen, Bent E.; Wu, Lisa; Yosha, Oved (1999)
What are the cyclical properties of U.S. state and local government fiscal policy? The budget surplus of local and, in particular, state governments is procyclical, smoothing disposable income and consumption of state residents. This happens over both short- and medium-term horizons. Procyclical surpluses are the result of strongly procyclical revenues, and weakly procyclical expenditures. The budgets of trust funds and utilities are procyclical. Federal grants are procyclical, exacerbating the cyclical amplitude of state level income movements; although they smooth the idiosyncratic ...
Research Working Paper , Paper 99-05

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