Researchers explore how the relationship between federal, state, and local governments mutes the benefits of the federal government’s fiscal austerity measures. The burden is shifted to state and local governments that face higher demand for safety net program... More »
The authors of a study analyzing state budgets find that the lack of fiscal governance, defined as enacting a budget on time, causes variation in general obligation bond yield spreads for state issuers. More »
A decline in the corporate tax rate enforced through state policy is found by a new study to be immaterial to investment decisions for businesses and therefore a non-factor for spurring economic growth within a state. More »