STATE REVENUE SHORTFALLS - BUDGET RESTRAINTS AND POLICY ALTERNATIVES

Authors
BRAUN BM JOHNSON LE LEY RD
Citation
Bm. Braun et al., STATE REVENUE SHORTFALLS - BUDGET RESTRAINTS AND POLICY ALTERNATIVES, The American journal of economics and sociology, 52(4), 1993, pp. 385-397
Citations number
21
Categorie Soggetti
Economics,Sociology
Journal title
The American journal of economics and sociology → ACNP
ISSN journal
00029246
Volume
52
Issue
4
Year of publication
1993
Pages
385 - 397
Database
ISI
SICI code
0002-9246(1993)52:4<385:SRS-BR>2.0.ZU;2-K
Abstract
The budgetary alternatives available to and employed by states to deal with budgetary shortfalls in the early 1980's are examined. The study suggests it may be preferable for states to consider relaxing the sel f-imposed requirements of an annually balanced budget. The basic concl usion is that policy makers should formulate a rule that considers the opportunity costs of their decisions.