English, Article edition: Should the federal government bail out the states? Lessons from past recessions Richard H. Mattoon

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Bookmark: http://trove.nla.gov.au/version/75306
Physical Description
  • article
Language
  • English

Edition details

Title
  • Should the federal government bail out the states? Lessons from past recessions
Author
  • Richard H. Mattoon
Physical Description
  • article
Notes
  • Like the economy in general, individual state economies are struggling in this recession. State governments face significant constraints in raising additional revenues. Most states are required to balance their budgets regardless of the economic environment. This article considers the role of the federal government in helping the states to manage their finances.
  • RePEc:fip:fedhle:y:2009:i:aug:n:265
Language
  • English
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