State Government Budget Stabilization Policy, Tools, and Impacts

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 result...

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Bibliographic Details
Main Author: Hou, Yilin
Format: eBook
Language:English
Published: New York, NY Springer New York 2013, 2013
Edition:1st ed. 2013
Series:Studies in Public Choice
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Table of Contents:
  • Table of Contents
  • Preface
  • List of Abbreviations
  • 1. Introduction and Overview
  • Part I: From Economic Stabilization to Budget Stabilization: Theory and Tools
  • 2. From Economic Stabilization to Budget Stabilization
  • 3. Subnational Government Tools for Budget Stabilization
  • Part II: Boom-Year Savings and Effects in Bust Years
  • 4. Patterns of State Savings with BSF and GFS
  • 5. State Saving Behavior – Effects of BSF in Interaction with BBR
  • 6. Effects of Boom-year Savings across Three Types of State Expenditures
  • 7. Effects of Boom-year Savings on Bust-year Budgetary Actions
  • Part III: Implications for Budgeting and Financial Management
  • 8. Budgeting for Fiscal Stability over the Economic Cycle
  • 9. Boom-Year Savings and Budgetary Forecasting
  • 10. Debt as Counter-cyclical Fiscal Tool
  • 11. A Framework for Fiscal Policy Coordination and Economic Stability
  • 12. Prospects for Budget Stabilization by Subnational Governments
  • References
  • Notes
  • General Appendixes
  • Index