Public finance includes the theory and practice of fiscal administration including public budgeting, revenue administration, and financial management. Public finance takes into account the government, the roles that government plays in the economy, and how those roles affect resource allocations and considers methods for improvement.
Our research examines three main themes:
- How the government raises revenue through taxes and borrowing, and on how the government disburses those funds.
- How the government plans, controls, and accounts for such activities through budgeting and accounting, as well as the design and administration of all of these functions.
- The impact of public sector activities on the economic behavior of individuals, firms, nonprofit organizations, and markets, and on economic efficiency.