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Improving the impact of federal aid to the states

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Listed:
  • Taft Foster
  • Vanessa Haleco-Meyer
  • Richard H. Mattoon

Abstract

In response to recessions beginning in 1973, 2001, and 2007, the federal government provided financial aid to states with the dual goals of stabilizing state finances and stimulating the economy. The timing of fund provision and the ultimate allocation of funds were often less than optimal. The authors look at how to design a more effective process for starting and stopping state aid.

Suggested Citation

  • Taft Foster & Vanessa Haleco-Meyer & Richard H. Mattoon, 2010. "Improving the impact of federal aid to the states," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 34(Q III), pages 66-82.
    • Handle: RePEc:fip:fedhep:y:2010:i:qiii:p:66-82:n:v.34no.3
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    References listed on IDEAS

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    1. Richard H. Mattoon, 2003. "Creating a national state rainy day fund: a modest proposal to improve future state fiscal performance," Working Paper Series WP-03-20, Federal Reserve Bank of Chicago.
    2. Richard H. Mattoon & Leslie McGranahan, 2008. "Revenue bubbles and structural deficits: What’s a state to do?," Working Paper Series WP-08-15, Federal Reserve Bank of Chicago.
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    Cited by:

    1. Soyoung Park & Sungchan Kim, 2022. "The Effects of Fiscal Rules Based on Revenue Structure: Evidence from U.S State Governments," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 39(3), pages 763-781, October.
    2. Imtiaz Bhatti & Marvin Phaup, 2015. "Budgeting for Fiscal Uncertainty and Bias: A Federal Process Proposal," Public Budgeting & Finance, Wiley Blackwell, vol. 35(2), pages 89-105, June.
    3. Urooj Khan & N. Bugra Ozel, 2016. "Real Activity Forecasts Using Loan Portfolio Information," Journal of Accounting Research, Wiley Blackwell, vol. 54(3), pages 895-937, June.

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