Federal Assistance and Municipal Borrowing: Unpacking the effects of the CARES Act on Government Liquidity Management
Access to cash can affect the ability of local governments to respond to crises. Federal aid to local governments can supply this directly, though the effectiveness on a dollar-per-dollar basis depends on its complementary or substitutability with local borrowing. Through this lens this examines the effects of the Coronavirus Relief Fund (CRF) on the local governments borrowing using a regression discontinuity design that exploits the quasi-experimental setting induced by the fund eligibility criterion imposed by the US Treasury.
Aug 1, 2024
Automatic Nutritional Stabilizers and the Role of Charitable Food Assistance during Times of Crisis
We examine the role of charitable food assistance during periods of economic distress by looking at donations to a large Midwestern food bank. First, we explore the historical determinants of in-kind food and financial donations, including during the COVID-19 pandemic. We find that both in-kind and financial donations dramatically increased at the onset of the pandemic but these increases were not persistent.
Jun 1, 2024
The Fiscal Structure of County Governments from 2002 to 2019: The Impact of the Great Recession and the Run-Up to the COVID-19 Pandemic
In this article, the authors describe the fiscal structure of county governments from 2002 to 2019, highlighting the impact of the Great Recession and the run-up to the COVID-19 pandemic. View Chapter
Jan 1, 2023
The Structure of County Government Debt from 2002 to 2020: The Financial Crisis, the Great Recession, and the COVID-19 Pandemic
In this article, the authors describe the structure of county government debt from 2002 to 2020, highlighting the financial crisis, the Great Recession, and the COVID-19 pandemic. View Chapter
Jan 1, 2023