Investment Earnings as a Countercyclical Tool: Evidence from U.S. State Governments
Budget stabilization funds (BSFs) play an important role as a safety device for countercyclical fiscal capacity (CCFC) in the United States. However, while BSFs take on a kind of allowance for a contingent budget deficit, state governments can't expect high return on the money because the BSFs...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2017-04-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/3956 |