The opioid epidemic has garnered a lot of attention, yet its effect on local finances remains uncertain. Drs. Lozano-Rojas and Ivonchyk use an exogenous shock in hydrocodone supply to estimate the causal effect of opioid exposure on local finances. onlinelibrary.wiley.com/doi/10.1111/pb…

Is the Rising US Debt Sustainable? Drs. Khan and Murova model the US debt sustainability in their recently available piece on Wiley's early view. Read it today before it is part of the upcoming special issue on Advancing the Federal Budget Debate: doi.org/10.1111/pbaf.1…

Do you know about The Congressional Budget and Impoundment Control Act of 1974? Read the recently released piece by Dr. Redburn that will be part of the forthcoming special issue on Advancing the Federal Budget Debate here: doi.org/10.1111/pbaf.1…

What is the relationship between federal fiscal policy and economic growth in the US? Drs. Nelson and Wilson introduce two measures in their recently available article that will be in the forthcoming special issue on Advancing the Federal Budget Debate: doi.org/10.1111/pbaf.1…

Fifty years ago, Congress passed the Congressional Budget Act (CBA). Normally the fiftieth anniversary is the golden anniversary. But when the last fifty years have fallen, maybe a better material is pyrite (fool's gold). Read Dr. Meyers' commentary here: doi.org/10.1111/pbaf.1…

How could the U.S. implement second generation fiscal rules, such as the Swiss Debt Brake? Find this commentary by Dr. Poulson and more from our upcoming special issue on Advancing the Federal Debt and Deficit Debate on Early View now! doi.org/10.1111/pbaf.1…

One budgetary element important to the federal government's fiscal system involves tax expenditures. What are they? Are the concerns of equity, efficiency, and transparency fair. Drs. Granof, Luby, and Zachary explore them in a commentary here: doi.org/10.1111/pbaf.1…

Using ARDL and Dynamic Simulated ARDL models, Drs. Abubakar, Mamman and Illiyasu find that while fiscal tightening may reduce public debt, fiscal rules may not be beneficial for curtailing public debt. Discretion over rules, may be better for the US: onlinelibrary.wiley.com/doi/full/10.11…

In a new article by Dr. Smith, she discusses the rising federal debt in the US and the need for fiscal oversight. It highlights the importance of examining fiscal rules from Latin America (and other area) to understand their impact on fiscal discipline: onlinelibrary.wiley.com/doi/abs/10.111…

Hot off the press!! Check out this newly published article by Dr. Sun on nonprofit creditworthiness. Linking credit ratings to IRS 990 Scheule K data, reveal that financial leanness results in weaker credit ratings challenging the nonprofit sector's norm: doi.org/10.1111/pbaf.1…

Check out this new article from Drs. Martell, Ivonchyk and Moldogazíev. They find that financial management has a positive and significant impact on credit ratings supporting the theory that city governments have agency over credit ratings. Read more here: onlinelibrary.wiley.com/doi/full/10.11…

Check out this article by Drs. Choi and Wu on the impact of Budget Stabilization Fund rules on saving and spending behaviors in US states. Their article reveals that stringent deposit rules, and revenue volatility ties, enhance BSF levels. Read more here: doi.org/10.1111/pbaf.1…

"Competition or Cooperation?" asks Drs. Mughan and Singla in their study of traffic ticket revenues among state and local law enforcement agencies. Read their article for what happens when local governments keep citation revenues v. when they do not. doi.org/10.1111/pbaf.1…

Dr. Abotsi's new article analyzes cross-country public debt policy, budget and financial management systems, and public debt. The study finds that improvements in debt management strategies and budget and financial management practices reduce debt per GDP: doi.org/10.1111/pbaf.1…

Check out our latest article by Juan Lara Rubio and co-authors on "Understanding the Relationship Between Municipal Structure and Size, Depopulation and Default Risk." Their results shed light on government loans targeting repopulating small municipalities: doi.org/10.1111/pbaf.1…

🚨Hot off the press🚨 Check out our latest article by Dr. Douglas and his co-authors on "Budgeting for Innovation: How Funding Strategies Enable or Constrain Public Sector Experimentation" to learn more about earmarked and hodgepodge funding of experiments doi.org/10.1111/pbaf.1…

Read this book review of covering Fixing Social Security: The Politics of Reform in a Polarized Age by R. Douglas Arnold. In this book review, Dr. White provides background and context, summarizes the contents and contributions, and offers a commentary: onlinelibrary.wiley.com/doi/10.1111/pb…

In Drs Badawy and Husseiny new article "Measuring Fiscal Policy Uncertainty: The Case of Egypt," the authors explore fiscal policy's effect on economic factors and offer up a quantitative composite index they apply to Egypt from 1982 to 2023. Read it now: onlinelibrary.wiley.com/doi/10.1111/pb…

Read Dr. Doan's new article to learn more about fiscal decentralization and its effects on public services and efficiency of delivery. He finds decentralization is negatively associated with tax compliance time, particularly in developing countries: doi.org/10.1111/pbaf.1…

Check out our latest article! Drs. Ivonchyk and Kim find that year-to-year revisions in MD&As have declined over time, but the decline is less for governments with higher auditor compensation and those governments with changes in long-term cash solvency: doi.org/10.1111/pbaf.1…