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Fiscal Rules and State Borrowing Costs: Evidence from California and Other States
Fiscal Rules and State Borrowing Costs Evidence from California and Other States
Author: James M. Poterba, Kim S. Rueben
Because most of California's new infrastructure spending will be financed with long-term debt, the state's borrowing costs are a key fiscal issue. In this study, James Poterba and Kim Rueben analyze bond market data over the last two decades to calculate the effects of three variables on state borrowing costs. Noting that a rise in unemploymen...  more »
ISBN-13: 9781582130194
ISBN-10: 1582130191
Pages: 74
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Publisher: Public Policy Institute of California
Book Type: Paperback
Members Wishing: 0
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