IDEAS home Printed from https://ideas.repec.org/a/fip/fedhep/y2002iqiiip2-25nv.26no.3.html
   My bibliography  Save this article

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

Author

Listed:
  • Leslie McGranahan

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.

Suggested Citation

  • Leslie McGranahan, 2002. "Unprepared for boom or bust: understanding the current state fiscal crisis," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 26(Q III), pages 2-25.
    • Handle: RePEc:fip:fedhep:y:2002:i:qiii:p:2-25:n:v.26no.3
    as

    Download full text from publisher

    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2002/3qepart1.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christian Buerger & Vincent Reitano & Ciana Sorrentino, 2022. "State fiscal reserves: Supplementation and substitution over economic boom and bust years," Public Budgeting & Finance, Wiley Blackwell, vol. 42(1), pages 98-118, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedhep:y:2002:i:qiii:p:2-25:n:v.26no.3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lauren Wiese (email available below). General contact details of provider: https://edirc.repec.org/data/frbchus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.