State Government Budget Stabilization

Policy, Tools, and Impacts

Business & Finance, Economics, Public Finance, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book State Government Budget Stabilization by Yilin Hou, Springer New York
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Yilin Hou ISBN: 9781461460619
Publisher: Springer New York Publication: January 30, 2013
Imprint: Springer Language: English
Author: Yilin Hou
ISBN: 9781461460619
Publisher: Springer New York
Publication: January 30, 2013
Imprint: Springer
Language: English

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. The first contribution of the book is in public finance theory: it provides insights into the applications of the stabilization function in the context of strong government, thereby refining Keynesianism. The second aspect is in Public Choice: the creation and functioning of budget stabilization funds offer extra evidence to demonstrate that the general public provides input and voice in more than the conventional ways when it comes to policy making, even in an area dominated by strong government. The third aspect is in policy making, exploring the opportunities for refining policy tools in preparation for future downturns.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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. The first contribution of the book is in public finance theory: it provides insights into the applications of the stabilization function in the context of strong government, thereby refining Keynesianism. The second aspect is in Public Choice: the creation and functioning of budget stabilization funds offer extra evidence to demonstrate that the general public provides input and voice in more than the conventional ways when it comes to policy making, even in an area dominated by strong government. The third aspect is in policy making, exploring the opportunities for refining policy tools in preparation for future downturns.

More books from Springer New York

Cover of the book Learning Basic Genetics with Interactive Computer Programs by Yilin Hou
Cover of the book Aging, Health, and Longevity in the Mexican-Origin Population by Yilin Hou
Cover of the book Rhinosinusitis by Yilin Hou
Cover of the book Emotion Recognition using Speech Features by Yilin Hou
Cover of the book High Density Lipoproteins, Dyslipidemia, and Coronary Heart Disease by Yilin Hou
Cover of the book Clinical PET and PET/CT by Yilin Hou
Cover of the book Emerging Trends in Computing, Informatics, Systems Sciences, and Engineering by Yilin Hou
Cover of the book Reviews of Environmental Contamination and Toxicology Volume 221 by Yilin Hou
Cover of the book Ascorbic Acid in Plants by Yilin Hou
Cover of the book Bladder Dysfunction in the Adult by Yilin Hou
Cover of the book Frozen Section Library: Lung by Yilin Hou
Cover of the book Free Probability and Random Matrices by Yilin Hou
Cover of the book Information Technology for Small Business by Yilin Hou
Cover of the book Pediatric Neuro-Ophthalmology by Yilin Hou
Cover of the book Handbook of Individual Differences in Cognition by Yilin Hou
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy