Please use this identifier to cite or link to this item:
http://hdl.handle.net/10071/8047
Author(s): | Sequeira, T. N. Ferreira-Lopes, A. |
Date: | 2009 |
Title: | Should the federal government reallocate funds within federal transfers? |
Volume: | 37 |
Number: | 5 |
Pages: | 596-612 |
ISSN: | 1091-1421 |
Keywords: | Components of federal transfers Business cycle Panel data GMM |
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. |
Peerreviewed: | Sim |
Access type: | Open Access |
Appears in Collections: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
Files in This Item:
File | Description | Size | Format | |
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post_print_article_usa_PFR_finalsubmission.pdf | 204,5 kB | Adobe PDF | View/Open |
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