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State government budget stabilization : policy, tools, and impacts

Author: Yilin Hou
Publisher: New York, NY : Springer, ©2013.
Series: Studies in Public Choice; Studies in public choice.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:

Spanning the years 1946 through 2008, this is the first detailed survey of the law, politics and economics behind state-level budget stabilization policies in the U.S. Covers effects of stabilization  Read more...

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Document Type: Book
All Authors / Contributors: Yilin Hou
ISBN: 1461460603 9781461460602 1461460611 9781461460619
OCLC Number: 812570608
Description: xix, 365 pages : illustrations ; 23 cm.
Contents: 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.
Series Title: Studies in Public Choice; Studies in public choice.
Responsibility: Yilin Hou.

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