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In: Policy studies journal: the journal of the Policy Studies Organization, Band 18, Heft 4, S. 1032-1044
ISSN: 1541-0072
In: Policy studies journal: an international journal of public policy, Band 18, Heft 4, S. 1032
ISSN: 0190-292X
In: The American journal of economics and sociology, Band 52, Heft 4, S. 385-397
ISSN: 1536-7150
Abstract. The budgetary alternatives available to and employed by states to deal with budgetary shortfalls in the early 1980's are examined. The study suggests it may be preferable for states to consider relaxing the self‐imposed requirements of an annually balanced budget. The basic conclusion is that policy makers should formulate a rule that considers the opportunity costs of their decisions.