IDEAS home Printed from https://ideas.repec.org/a/fip/fednci/y2001ijulnv.7no.7.html
   My bibliography  Save this article

Fiscal policy in New York and New Jersey: 1977-97

Author

Abstract

Between 1977 and 1997, real government spending in New York and New Jersey rose more than 40 percent, led by sharply higher outlays for public welfare and education. Increased tax revenues offset the spending hikes, allowing the states to run large cash surpluses in most years, but both states saw their long-term debt grow markedly. As a result, net financial wealth rose only marginally in New Jersey and declined slightly in New York over the twenty-year period.

Suggested Citation

  • Andrew F. Haughwout, 2001. "Fiscal policy in New York and New Jersey: 1977-97," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 7(Jul).
    • Handle: RePEc:fip:fednci:y:2001:i:jul:n:v.7no.7
    as

    Download full text from publisher

    File URL: https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci7-7.pdf
    Download Restriction: no
    File URL: https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci7-7.html
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert P. Inman & Daniel L. Rubinfeld, 1997. "Rethinking Federalism," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 43-64, Fall.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard Deitz & Andrew F. Haughwout & Charles Steindel, 2010. "The recession's impact on the state budgets of New York and New Jersey," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 16(Jun/Jul).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jin, Jing & Zou, Heng-fu, 2002. "How does fiscal decentralization affect aggregate, national, and subnational government size?," Journal of Urban Economics, Elsevier, vol. 52(2), pages 270-293, September.
    2. Russell Cooper & Hubert Kempf, 1998. "Establishing a Monetary Union," NBER Working Papers 6791, National Bureau of Economic Research, Inc.
    3. Müller, Andreas & Fricke, Holger & Berthold, Norbert, 2006. "Kleine Bundesländer: Achillesferse des Föderalismus?," Discussion Paper Series 91, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
    4. repec:hal:spmain:info:hdl:2441/6ggbvnr6munghes9oaso1e0k4 is not listed on IDEAS
    5. Francesca Fornasari & Steven B. Webb & Heng-fu Zou, 2000. "The Macroeconomic Impact of Decentralized Spending and Deficits: International Evidence," Annals of Economics and Finance, Society for AEF, vol. 1(2), pages 403-433, November.
    6. Robert Inman & Daniel Rubinfeld, 2002. "Subsidiarity, governance, and EU economic policy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 3(04), pages 3-11, October.
    7. Prakash Chandra Jha, 2015. "Theory of fiscal federalism: an analysis," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 17(2), pages 241-259, October.
    8. Trillas, Francesc, 2010. "Electricity and telecoms reforms in the EU: Insights from the economics of federalism," Utilities Policy, Elsevier, vol. 18(2), pages 66-76, June.
    9. Geys, Benny & Konrad, Kai A., . "Federalism and optimal allocation across levels of governance," Chapters in Economics,, University of Munich, Department of Economics.
    10. Bruno S. Frey, 2009. "A Multiplicity of Approaches to Institutional Analysis. Applications to the Government and the Arts," CREMA Working Paper Series 2009-12, Center for Research in Economics, Management and the Arts (CREMA).
    11. Seppo Honkapohja & Frank Westermann, 2009. "Rethinking Subsidiarity in the EU: Economic Principles," Palgrave Macmillan Books, in: Seppo Honkapohja & Frank Westermann (ed.), Designing the European Model, chapter 10, pages 331-365, Palgrave Macmillan.
    12. Christoph A. Schaltegger & Simon Zemp, 2003. "Spatial Spillovers in Metropolitan Areas: Evidence from Swiss Communes," CREMA Working Paper Series 2003-06, Center for Research in Economics, Management and the Arts (CREMA).
    13. Fredriksson, Per G. & Matschke, Xenia & Minier, Jenny, 2010. "Environmental policy in majoritarian systems," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 177-191, March.
    14. Robert P. Inman & Daniel L. Rubinfeld, 2005. "Federalism and the Democratic Transition: Lessons from South Africa," American Economic Review, American Economic Association, vol. 95(2), pages 39-43, May.
    15. Sjef Ederveen & George Gelauff & Jacques Pelkmans, 2008. "Assessing Subsidiarity," Springer Books, in: George Gelauff & Isabel Grilo & Arjan Lejour (ed.), Subsidiarity and Economic Reform in Europe, chapter 2, pages 19-40, Springer.
    16. Ravallion, Martin, 1998. "Reaching poor areas in a federal system," Policy Research Working Paper Series 1901, The World Bank.
    17. Gutierrez, Emilio, 2015. "Fighting Crime with a Little Help from my Friends: Political Alignment, Inter-Jurisdictional Cooperation and Crime in Mexico," CEPR Discussion Papers 10769, C.E.P.R. Discussion Papers.
    18. Olivia Manole & Consuela Necșulescu, 2012. "The Decentralization Process in Romania Has Been Affected by the Financial Crisis or Not; Arguments in Favor or Against Decentralization in the Management of the Financial Crisis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(4), pages 129-136.
    19. Stefan Voigt, 2011. "Positive constitutional economics II—a survey of recent developments," Public Choice, Springer, vol. 146(1), pages 205-256, January.
    20. Manasan, Rosario G., 2008. "Policy Study on the National and Local Government Expenditures for Millennium Development Goals, 2000-2005," Discussion Papers DP 2008-17, Philippine Institute for Development Studies.
    21. Maskin, Eric & Tirole, Jean, 2008. "Public-private partnerships and government spending limits," International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 412-420, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednci:y:2001:i:jul:n:v.7no.7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.