IODICALS

ECONOMICS. LABOR. & BUSINESS
"State and Local Governments: An As- The Fiscal olicy 'sessment of their Financial Position and
Fiscal Policies" Peter D. Skaperdas, in

Of the States Federal Reserve Bank of New York Quar-
terly Review (Winter 1983/84), 33 Liberty
St., New York, N.Y. 10045.
Most economists' eyes now are on the river of budgetary red ink gush- ing from Washington, D.C. Forgotten is the fiscal importance of Amer- ica's state and local governments.
In 1983...