State Responses to Fiscal Crises: The Effects of Budgetary Institutions and Politics
研究1980年代末美国各州在区域经济衰退和支出压力下如何应对预算赤字，发现更严格的财政制度（如禁止赤字结转）和单一政党控制州议会与州长职位能加快财政调整，而州长选举年则减税和削减支出幅度较小。
This paper explores the dynamics of state taxes and spending during the late 1980s when regional economic downturns and increased expenditure demands led to substantial state budget deficits. More restrictive state fiscal institutions, such as 'no-deficit carryover' rules and tax and expenditure limitations, are correlated with more rapid fiscal adjustment to unexpected deficits. Political factors are also important. When a single party controls the state house and the governorship, deficit adjustment is much faster than when party control is divided. In gubernatorial election years, tax increases and spending cuts are both significantly smaller than at other times. Copyright 1994 by University of Chicago Press.