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Accomplishing State Budget Policy and Process Reforms  

Iris J. Lav

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article tackles the issue of comprehensive state budget reform. With structural deficits rampant, reform is needed to maintain the current level of programs that states and localities ... More

Achieving Fiscal Sustainability for State and Local Governments  

Robert B. Ward

Print publication date:
Mar 2012
Online publication date:
Sep 2012
Over the last decade, observers of state and local finances have been alarmed over an emerging picture of long-term, structural imbalances. This article examines the concept of fiscal ... More

Capital Budgeting and Spending  

Justin Marlowe

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article first lays out the broad contours of state and local government capital spending and the precepts of the capital budgeting process. It then considers how capital spending ... More

Corporate Liabilities: A Genealogy of Business Accountability under International Criminal Law  

Kim Christian Priemel

The debate on how to rein in transnational corporate power has greatly intensified over the past decades. Following a series of scandals, conflicts, and crises, civil rights activists, ... More

Fiscal Austerity and the Future of Federalism  

Rudolph G. Penner

Print publication date:
Mar 2012
Online publication date:
Sep 2012
Fiscal relationships among the federal and state and local governments will change significantly in the future. This article documents that the federal government is saddled with ... More

The Governance of International Spaces and Earth Systems: Solving Collective Action Problems in the Absence of Public Authority  

Oran R. Young

The absence of a government in the ordinary sense coupled with a low level of social solidarity poses serious obstacles for solving a variety of collective action problems in international ... More

Inside the Bank Box: Evidence on Interest-Rate Pass-Through and Monetary Policy Transmission  

Leonardo Gambacorta and Paul Mizen

Print publication date:
Apr 2019
Online publication date:
Mar 2019
Central bank policy operates first through financial markets and then through banks as they adjust their interest rates. This chapter discusses the transmission of policy in this first ... More

The Intergovernmental Grant System  

Raymond C. Scheppach and W. Bartley Hildreth

Print publication date:
Mar 2012
Online publication date:
Sep 2012
History will write the two-year period of 2009 to 2010 as a watershed in the federal-state-local fiscal relationship. The outpouring of aid helped states to avoid cutting spending and ... More

Introduction: State and Local Government Finance in The United States  

Robert D. Ebel, John E. Petersen, and Ha T. T. Vu

Print publication date:
Mar 2012
Online publication date:
Sep 2012
Significant developments of US state and local finance are converging in a manner that will newly frame the practices of state and local governance in the next decade and beyond. These ... More

Killing Me Softly: Local Termites and Fiscal Violence in Brazil and Mexico  

Carlos Elizondo and Javier Santiso

Print publication date:
May 2012
Online publication date:
Nov 2012
In Brazil and Mexico, as well as for the region as a whole, there are definitely more social needs than resources to attend to them. This is in part a result of the brutal adjustments in ... More

Monetary Policy Committees and Voting Behavior  

Sylvester Eijffinger, Ronald Mahieu, and Louis Raes

Print publication date:
Apr 2019
Online publication date:
Mar 2019
In this chapter we suggest to use Bayesian ideal point estimation to analyze voting in monetary policy committees. Using data from the Riksbank we demonstrate what this entails and we ... More

Monetary Policy under Uncertainty  

Martín Redrado

Print publication date:
May 2012
Online publication date:
Nov 2012
This article describes how the presence of uncertainty limits the effectiveness of monetary policy and, as a result, its implementation. The article is organized as follows. Section 2 ... More

Peaks and Troughs: Economics and Political Economy of Central Bank Independence Cycles  

Donato Masciandaro and Davide Romelli

Print publication date:
Apr 2019
Online publication date:
Mar 2019
This chapter investigates the endogenous evolution of central bank institutional design over the past four decades. From a theoretical perspective, it employs a stylized political economy ... More

The Political Economy of Fiscal Policy: The Experience of Chile  

Andrés Velasco and Eric Parrado

Print publication date:
May 2012
Online publication date:
Nov 2012
This article discusses first, in some detail, Chile's fiscal policies and how they were applied. Much thinking and design went into this approach—some of it local, some of it adapted from ... More

The Political Economy of Public Spending and Fiscal Deficits: Lessons for Latin America  

Marcela Eslava

Print publication date:
May 2012
Online publication date:
Nov 2012
This article focuses on the way in which the peculiarities of politics in Latin America affect fiscal policy, as a result of both the common pool problem of public spending and electoral ... More

Profiles of Local Government Finance  

Christine R. Martell and Adam Greenwade

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article provides a profile of the structure and diversity of local government finance. Nearly ninety thousand local governments in the United States provide most public services. It ... More

Pullback Management: State Budgeting Under Fiscal Stress  

Carolyn Bourdeaux and W. Bartley Hildreth

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article analyzes the challenge of state budgeting during periods of dramatic and unplanned declines in state revenue collections. Most public finance textbooks describe the budget ... More

Revenue Estimation  

Norton Francis

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article poses three questions: Where did the forecasting models go wrong? Who's to blame for the forecast errors? and How can [state and local] revenue estimation improve? To answer ... More

Revisiting Political Budget Cycles in Latin America  

Sebastián Nieto-Parra and Javier Santiso

Print publication date:
May 2012
Online publication date:
Nov 2012
This article revisits the impact of elections on fiscal policy in Latin American countries and poses the following questions: To what extent do Latin American governments expand fiscal ... More

Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization  

Michael Alexeev and Shlomo Weber

Print publication date:
Jul 2013
Online publication date:
Oct 2013
This chapter briefly reviews the advantages and disadvantages of fiscal decentralization in general and the current federal structure and the post-1992 development of fiscal federalism in ... More

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