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Great Recession and fiscal squeeze at U.S. subnational government level

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서명/저자사항Great Recession and fiscal squeeze at U.S. subnational government level/ [prepared by] Jiri Jonas.
개인저자Jon??, Ji??,author.
단체저자명International Monetary Fund. Fiscal Affairs Department.
발행사항[Place of publication not identified]: International Monetary Fund, 2012.
형태사항1 online resource: illustrations.
총서사항IMF working paper;WP/12/184
ISBN1475551045
9781475551044
서지주기Includes bibliographical references.
요약The paper discusses the fiscal impact of the Great Recession of 2007-08 on state and local governments in the United States. It documents the sharp decline in tax revenue and discusses how states responded to close the budget gaps in order to obey the balanced budget provisions. It highligts the procyclical nature of this policy response, provides a brief comparison with subnational policy stances in other advanced economies, and discusses some options for making subnational fiscal policy less procyclical within the framework of current rules.
주제명(회의명)Global Financial Crisis (2008-2009) fast
주제명(지명)United States. --fast
일반주제명Finance, Public --United States.
State governments --United States.
Budget process --United States.
Fiscal policy --United States.
Global Financial Crisis, 2008-2009.
BUSINESS & ECONOMICS --Public Finance.
Budget process.
Finance, Public.
Fiscal policy.
State governments.
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