Budget institutions and political insulation: why states adopt the item veto

Article Abstract:

Major states in the United States have granted item veto authority to their governor as part of state constitutions. Explanations of why and when a legislature would cede institutional power are provided and a study showing how the choice of budgetary institutions is endogenous to the political process is presented.

Budget, Budgets, Political aspects, Government spending policy

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Filling potholes: macroeconomic effects of maintenance versus new investments in public infrastructure

Article Abstract:

A model of infrastructure maintenance and development for industrializing nations is constructed from an examination of situations in Latin America.

General services, Latin America, Developing Countries, Models, Infrastructure (Economics), Maintenance and repair

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The macroeconomic effects of fiscal rules in the US states

Article Abstract:

A study does an empirical analysis of the implications of the fiscal policy on macroeconomic indicators in the Untied States.

Usage, Macroeconomics, Probabilities, Probability theory

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