عنوان

State government budget stabilization

1461460611 (electronic bk.)

9781461460619 (electronic bk.)

9781461460602

b431182

State government budget stabilization

[Book]

policy, tools, and impacts /

Yilin Hou

New York, NY :

Springer,

c2013

1 online resource (365 p.)

Studies in Public Choice

Includes bibliographical references and indexes

Introduction and overview -- From economic stabilization to budget stabilization -- Subnational government tools for budget stabilization -- Patterns of state savings with budget stabilization funds and general fund surplus -- Budget stabilization fund in interaction with balanced budget requirements -- Effects of boom-year savings across three types of state expenditures -- Effects of boom-year savings on bust-year budgetary actions -- Countercyclical fiscal policy and multiyear perspective on budgeting -- Boom-year savings and budgetary forecasting -- Debt as a countercyclical fiscal tool -- A framework for fiscal policy coordination and economic stability : countercyclical transfer for infrastructure -- Prospects for budget stabilization by subnational governments

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This book is the first comprehensive, full-scale treatment of the law, politics and economics with regard to the policies and policy instruments for budget stabilization at the state level. Covering the period from 1946 through 2008 in the United States, it provides details on the methods and results of empirical tests of the effects of budget stabilization instruments on government operations, public service provision, and some other aspects of social and economic life. With the lingering effects of the most recent financial crisis and economic downturn, and the subsequent Tea Party movement advocating smaller government and deficit reduction, this book carries timely and important theoretical as well as practical implications, particularly in regard to the potential for counter-cyclical fiscal policy in mitigating negative impacts during a recession

State Government Budget Stabilization : Policy, Tools, and Impacts

9781461460602

OhioLINK electronic book center (Online)

SpringerLink

Finance, Public

Hou, Yilin

Ohio Library and Information Network

20130403131222.0

[Book]

Y