6533b7d0fe1ef96bd125afde
RESEARCH PRODUCT
Exploring Countercyclical Fiscal Policy in Local Government: Moving Beyond an Aggregated Approach
Lidia NotoDale J. RoenigkWilliam C. Rivenbarksubject
MacroeconomicsPublic Administrationbusiness.industryEconomic policyFund accountingmedia_common.quotation_subjectFiscal unionFinancial managementFiscal policyGreat recessionFinancial managementfund balanceSettore SECS-P/07 - Economia AziendaleCashLocal governmentEconomicslocal governmentProfessional associationBusiness and International Managementbusinessfiscal policymedia_commondescription
There is a renewed interest in the fiscal health of local governments in the United States, which is being driven in part by academic research, professional organizations, and the economy. This renewed interest also includes how local governments use their cash reserves for countercyclical fiscal policy, which is a stream of research that has received minimal attention in the literature. We respond in this article by exploring how 97 North Carolina counties used their cash reserves from 2005 to 2012, which includes the great recession of 2008 and 2009. Our findings provide some evidence of countercyclical fiscal policy in local government when exploring the use of cash reserves from an aggregated and disaggregated perspective. We conclude that more survey research and case studies are needed to advance the literature on fiscal policy in the local government.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2014-11-11 |