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http://hdl.handle.net/10071/8047
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Title: Should the federal government reallocate funds within federal transfers?
Authors: Sequeira, T. N.
Ferreira-Lopes, A.
Keywords: Components of federal transfers
Business cycles
Panel data
GMM
Issue Date: 2009
Publisher: SAGE Publications Ltd
Abstract: It is recognized that one of the goals of federal transfers is to provide the states with some financial leverage during recessions. Federal transfers in the United States comprise such components as retirement and disability payments for individuals, other direct payments for individuals or organizations, grants, procurement contracts, and salaries and wages. Is the composition of the federal transfers’ budget having an optimal effect on the business cycle or should the federal government reallocate some expenditure? In this article, we argue that the federal government may improve its role in stabilizing the business cycle if some reallocation is made from procurement contracts and payments for other than individuals to direct payments for individuals, grants, and disability and retirement payments.
Peer reviewed: Sim
URI: https://ciencia.iscte-iul.pt/public/pub/id/6159
http://hdl.handle.net/10071/8047
ISSN: 1091-1421
Publisher version: The definitive version is available at: http://dx.doi.org/0.1177/1091142109343806
Appears in Collections:BRU-RI - Artigo em revista científica internacional com arbitragem científica

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