Using a panel of tax data, we follow individuals' earnings over business cycles. Compared to
prior recessions, the Covid policy response and recovery were more progressive. Among …

The deteriorating fiscal position of municipalities across the United States raises the
question which adjustment mechanisms municipalities have at their disposal and what their …

We analyse whether US federal aid to state and local governments impacted economic
activity through either direct or cross-state spillover effects during the COVID-19 pandemic …

Our purpose is three-fold. First, we summarize some of the core insights from both classic
and more recent papers in the literature on the role of intergovernmental grants in systems of …

We estimate whether large allocations of federal aid for state and local governments played
a role in advancing population testing for COVID-19 and the administration of vaccines. To …

In this paper we analyze pandemic-era federal fiscal assistance to state and local
governments and draw lessons for the design of stabilization policy. We start by explaining …

This paper studies how government transfers respond to changes in local economic activity
that emerge during recessions. Local labor markets that experience greater employment …

RESUMO O efeito da política fiscal sobre os ciclos econômicos tem sido fonte de maior
controvérsia apesar da crescente literatura empírica e experiência internacional. Este artigo …

This paper focusses on the objectives guiding the fiscal policy of the Spanish regions over
the period 2013–2023. Beyond the usual concerns of national governments for closing the …

During the COVID-19 pandemic, the US housing market experienced an unprecedented
boom, with house prices climbing at record rates despite widespread economic disruptions …