By Caleb Taylor How could Arkansas be better prepared for the next recession? Keep increasing the state’s Long Term Reserve Fund balance and improve its deposit and withdrawal rules, according to UCA Assistant Professor of Economics and ACRE Scholar Dr. Jeremy Horpedahl. Horpedahl joined Jay Bir of Capitol View on KARK on March 8 to […]
Why Arkansas’s Long-Term Reserve Fund May Not Weather the Next Rainy Day
By Dr. David Mitchell In a recent op-ed for the Arkansas Democrat-Gazette, I pointed out that families need to have rainy day funds to provide for any loss of income. Similarly, when state governments have unexpected general budget shortfalls, they need a way to pay for them. And in the same way that families may […]