Great Recession and Fiscal Squeeze at U.S. Subnational Government Level /

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 pro...

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Detalles Bibliográficos
Autor Principal: Jonas, Jiri
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/184
Acceso en liña:Full text available on IMF