Supermajority Limits to Fiscal Policy
28 Pages Posted: 1 Aug 2011 Last revised: 17 Aug 2011
Date Written: 2011
Abstract
In this paper, I examine the affect of supermajority requirements on state fiscal decisions during economic downturns. Using panel data from the 50 US states I show that states with supermajority requirements are less likely to raise tax during strong economies but more l likely to raise taxes during recessions relative to states without requirements. This research contributes to a larger scholarship on the importance of fiscal institutions.
Keywords: Supermajority Limits, Fiscal Stress, State Finance, Fiscal Policy, State and Local Government
Suggested Citation: Suggested Citation
Seljan, Ellen, Supermajority Limits to Fiscal Policy (2011). APSA 2011 Annual Meeting Paper, Available at SSRN: https://ssrn.com/abstract=1901245
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