Unprepared for boom or bust: understanding the current state fiscal crisis

Leslie McGranahan

Economic Perspectives, 2002, vol. 26, issue Q III, 2-25

Abstract: The headlines concerning state government finances have become increasingly alarming since mid-2001. This article discusses the roots of the current state fiscal crisis by looking at the decisions made by state government leaders during the long expansion. The author suggests increased use of rainy day funds as a way to avoid future crisis.

Keywords: Fiscal policy; Expenditures, Public; Federal Reserve District, 7th (search for similar items in EconPapers)
Date: 2002
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.chicagofed.org/digital_assets/publicati ... es/2002/3qepart1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:2002:i:qiii:p:2-25:n:v.26no.3

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Perspectives from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().