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019 ▼a 801560554 ▼a 802660140
020 ▼a 1475551045 ▼q (electronic bk.)
020 ▼a 9781475551044 ▼q (electronic bk.)
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0291 ▼a CHNEW ▼b 000693906
0291 ▼a CHNEW ▼b 000693910
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08204 ▼a 336.73 ▼2 23
1001 ▼a Jon??, Ji??, ▼e author.
24510 ▼a Great Recession and fiscal squeeze at U.S. subnational government level/ ▼c [prepared by] Jiri Jonas.
260 ▼a [Place of publication not identified]: ▼b International Monetary Fund, ▼c 2012.
300 ▼a 1 online resource: ▼b illustrations.
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
4901 ▼a IMF working paper; ▼v WP/12/184
504 ▼a Includes bibliographical references.
520 ▼a The 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.
590 ▼a eBooks on EBSCOhost ▼b All EBSCO eBooks
61127 ▼a Global Financial Crisis (2008-2009) ▼2 fast ▼0 (OCoLC)fst01755654
648 7 ▼a 2008-2009 ▼2 fast
650 0 ▼a Finance, Public ▼z United States.
650 0 ▼a State governments ▼z United States.
650 0 ▼a Budget process ▼z United States.
650 0 ▼a Fiscal policy ▼z United States.
650 0 ▼a Global Financial Crisis, 2008-2009.
650 7 ▼a BUSINESS & ECONOMICS ▼x Public Finance. ▼2 bisacsh
650 7 ▼a Budget process. ▼2 fast ▼0 (OCoLC)fst00840424
650 7 ▼a Finance, Public. ▼2 fast ▼0 (OCoLC)fst00924477
650 7 ▼a Fiscal policy. ▼2 fast ▼0 (OCoLC)fst00925806
650 7 ▼a State governments. ▼2 fast ▼0 (OCoLC)fst01131814
651 7 ▼a United States. ▼2 fast ▼0 (OCoLC)fst01204155
655 4 ▼a Electronic books.
7102 ▼a International Monetary Fund. ▼b Fiscal Affairs Department.
830 0 ▼a IMF working paper ; ▼v WP/12/184.
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