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005 | 20231018145054.0 | ||
008 | 080602s2008 xx ||||gr |0|| 0 eng d | ||
100 | 1 |
_aHOU, Yilin _934319 |
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245 | 1 | 0 | _aThe case for countercyclical fiscal capacity |
260 |
_aNew York : _bOxford University, _cjan. 2008 |
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520 | 3 | _aA growing literature has sought to demonstrate when and how government capacity links to performance. This article examines those questions in the area of financial management. A basic challenge for state governments is to maintain budgetary stability and program predictability in face of economic downturns. State governments can best meet this challenge by developing what we call countercyclical fiscal capacity (CCFC). We present the concept of CCFC as the creation and use of financial tools that help state governments maintain countercyclical spending and program stability during revenue shocks. We operationalize the concept in terms of fiscal reserves that are used to mitigate emergency-spending cuts and tax increases and analyze the operation of such reserves over a period that includes recessions in 1991 and 2001. We find evidence of the efficacy of CCFC and argue for greater investments in this aspect of government capacity | |
700 | 1 |
_916671 _aMoynihan, Donald P. |
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773 | 0 | 8 |
_tJournal of Public Administration Research and Theory - JPART _g18, 1, p. 139-159 _dNew York : Oxford University, jan. 2008 _xISSN 10531858 _w |
942 | _cS | ||
998 |
_a20080602 _b1901^b _cTiago |
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998 |
_a20120521 _b1031^b _cCarolina |
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_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c26532 _d26532 |
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041 | _aeng |