April 12, 2013
The following information is now available on the Philadelphia Fed’s website:
Working Paper 13-11
“Local Deficits and Local Jobs: Can U.S. States Stabilize Their Own Economies?” by Gerald Carlino and Robert Inman
Using a sample of the 48 mainland U.S. states for the period 1973–2009, the authors study the ability of U.S. states to expand their own state employment through the use of state deficit policies.