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Keywords: Deficits
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Journal Articles
Do balanced budget practices of U.S. states make sense? Alternatives from the Eurozone
Available to Purchase
Journal of Public Budgeting, Accounting & Financial Management (2024) 36 (2): 217–233.
Published: 14 February 2024
.... states should consider implementing escape clauses, debt and deficit ceilings, and fiscal councils. We also suggest that the Federal Reserve be open to lending directly to states during fiscal crises to ensure that states have access to affordable credit. Originality/value The balanced budget norm...
