Studies in Public Choice

State Government Budget Stabilization

Policy, Tools, and Impacts

Authors: Hou, Yilin

  • Applies a Public Choice approach to a timely issue of public administration
  • Draws from a century of data, and includes in-depth analysis of budget stabilization initiatives in several States
  • Considers practical and policymaking implications
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eBook $109.00
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  • ISBN 978-1-4614-6061-9
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  • Immediate eBook download after purchase
Hardcover $149.00
price for USA
  • ISBN 978-1-4614-6060-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.00
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  • ISBN 978-1-4899-9416-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

Table of contents (12 chapters)

  • Introduction and Overview

    Hou, Yilin

    Pages 1-11

  • From Economic Stabilization to Budget Stabilization

    Hou, Yilin

    Pages 15-30

  • Subnational Government Tools for Budget Stabilization

    Hou, Yilin

    Pages 31-73

  • Patterns of State Savings with Budget Stabilization Funds and General Fund Surplus

    Hou, Yilin

    Pages 77-97

  • Budget Stabilization Fund in Interaction with Balanced Budget Requirements

    Hou, Yilin

    Pages 99-117

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-1-4614-6061-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.00
price for USA
  • ISBN 978-1-4614-6060-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.00
price for USA
  • ISBN 978-1-4899-9416-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
State Government Budget Stabilization
Book Subtitle
Policy, Tools, and Impacts
Authors
Series Title
Studies in Public Choice
Series Volume
8
Copyright
2013
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media, LLC
eBook ISBN
978-1-4614-6061-9
DOI
10.1007/978-1-4614-6061-9
Hardcover ISBN
978-1-4614-6060-2
Softcover ISBN
978-1-4899-9416-5
Series ISSN
0924-4700
Edition Number
1
Number of Pages
XX, 356
Topics