By way of a critical exploration of austerity politics in the USA, the paper examines the
means by which the Wall Street crisis of 2008 has been translated into a state crisis …

This study reviews the funding status of state‐administered pension plans and their impact
on state credit quality. As the fund ratio (actuarial assets/actuarial accrued liability) of state …

Although the budget deficit and the public debt feature prominently in political debate and
economic research, there is no agreement about how they should be measured. They can …

Purpose The purpose of this article is to challenge the balanced budget practices of US state
governments and offer alternatives that may lead to better fiscal, economic and policy …

This article analyzes local government fiscal sustainability as a common‐pool resource
(CPR) problem. Comparing the experiences of Los Angeles County, San Bernardino City …

The ability of a nation to finance its basic infrastructure is essential to its economic well-
being in the 21st century. This second edition of State and Local Financial Instruments …

Purpose This paper aims to determine whether local governments (LGs) use non-
consolidated municipally owned companies (MOCs), excluded from public sector entities …

Fiscal competition literature emphasizes the need to consider fiscal implications of the flow
of labor and capital across jurisdictional boundaries. This open‐economy consideration …

Experience in state revenue forecasting humbles and educates the public finance scholar
and can inform the public administrator. It teaches the limits of econometrics, the importance …

State and local governments seek to save money through fiscal efficiency. One such
mechanism widely studied in the literature is through the choice for financial underwriting of …