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LDR03051cmm u2200541 i 4500
001000000327621
003OCoLC
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006m d
007cr cnu---unuuu
008230202t20232023nyua ob 001 0 eng
010 ▼a 2022054705
019 ▼a 1290431763 ▼a 1290447779 ▼a 1290483285
020 ▼a 0197629172 ▼q electronic book
020 ▼a 9780197629185 ▼q electronic book
020 ▼a 0197629180 ▼q electronic book
020 ▼a 9780197629161 ▼q electronic book
020 ▼a 0197629164 ▼q electronic book
020 ▼a 9780197629178 ▼q (electronic bk.)
020 ▼z 9780197629154 ▼q hardcover
035 ▼a 3590077 ▼b (N$T)
035 ▼a (OCoLC)1375294611 ▼z (OCoLC)1290431763 ▼z (OCoLC)1290447779 ▼z (OCoLC)1290483285
040 ▼a DLC ▼b eng ▼e rda ▼c DLC ▼d OH1 ▼d UKAHL ▼d YDX ▼d EBLCP ▼d YDX ▼d N$T ▼d 248032
042 ▼a pcc
043 ▼a n-us---
049 ▼a MAIN
05004 ▼a HJ275 ▼b .S354 2023
08200 ▼a 336.1/850973 ▼2 23/eng/20230516
1001 ▼a Schleicher, David, ▼e author.
24510 ▼a In a bad state : ▼b responding to state and local budget crises / ▼c David Schleicher.
264 1 ▼a New York, NY : ▼b Oxford University Press, ▼c [2023]
264 4 ▼c 짤2023
300 ▼a 1 online resource (xiii, 234 pages)
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
504 ▼a Includes bibliographical references and index.
520 ▼a "Scholars writing about how the federal government should respond to state and local fiscal stress fall into roughly two camps. One group argues that federal bailouts create excessive moral hazard. Another group argues that federal aid is instead a necessary form of macroeconomic stimulus given the pro-cyclical nature of state budgets. While this debate is important, it is incomplete. This chapter will show that there is another consideration that has often been the dominant concern in federal responses to state and local budget crises: maintaining the ability of states and cities to borrow to build infrastructure and make other investments. It will explain how these three interests - avoiding moral hazard, stimulating the economy during recessions, and preserving state capacity to borrow - interact, laying out a "trilemma" at the core of federal responses to state and local budget crises"-- ▼c Provided by publisher.
588 ▼a Description based on online resource; title from digital title page (viewed on May 22, 2023).
590 ▼a Added to collection customer.56279.3
650 0 ▼a Local finance ▼z United States.
650 0 ▼a Debts, Public ▼z United States.
650 0 ▼a Federal government ▼z United States.
650 0 ▼a Infrastructure (Finance) ▼z United States.
77608 ▼i Print version: ▼a Schleicher, David. ▼t In a bad state ▼d New York, NY : Oxford University Press, [2023] ▼z 9780197629154 ▼w (DLC) 2022054704
85640 ▼3 EBSCOhost ▼u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=3590077
938 ▼a EBSCOhost ▼b EBSC ▼n 3590077
990 ▼a 관리자
994 ▼a 92 ▼b N$T