Fiscal Policy
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Reform, Resilience and Growth: Evolution of Indian Fiscal Policy from 1991 – 2024
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The evolution of the fiscal policy of India from 1991 to 2024 is a story of transformation, resilience and adaptation, reflecting the interplay of domestic reforms, political imperatives and global challenges. Throughout these decades, India shifted from managing a severe balance of payments crisis to becoming one of the world’s…
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The Downstream Effect of Fiscal Austerity
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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 programs with shrinking revenue sources.
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Why Passing the State Budget on Time is a Must for Stabilizing Market Conditions
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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.
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Dispelling the Myth: Why State Tax Breaks for Businesses Do Not Spur Economic Growth
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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.
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Expiring Budgets and Spending Sprees: The Cost of Use-it-or-Lose-it Budgeting
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Spikes in spending at the fiscal year-end lead to staggering losses and inefficiencies in government procurement.
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A Path out of Gridlock? Perspectives from Senator Evan Bayh
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Former Senator Evan Bayh shares his thoughts on ending gridlock, cutting the deficit, and stimulating economic growth.
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Fiscal Policies and Full Employment: An Interview with Jared Bernstein
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Insights from a Senior Fellow at the Center on Budget and Policy Priorities.
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Where is the Money? Taxation Reform in Latin America
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A new Inter-American Development Bank report examines the consequences of Latin American taxation systems and outlines a potential way forward