GW Work

Funded by the German Marshall Fund of the United States, this report examines how national government policy, and particularly national grant systems, affected local governments during the “Great Recession” and its aftermath, which in many countries consisted of a period of fiscal consolidation designed to cope with a debt/deficit crisis. We term these two events occurring over a four year period from late 2007 through 2011 “the economic crisis.” Our particular concerns are national government policy towards local governments and whether local government fiscal responses were counter- or pro-cyclical during the period of slow or negative economic growth. In other words, did national government policy promote additional local government spending during the recession (a counter-cyclical policy), or did it encourage reduced subnational government spending (a pro-cyclical policy)? We also examine whether local government fiscal policy was consistent with stated national government policy, and whether and how the imposition of fiscal austerity policy and fiscal consolidation programs at the national level affected local government spending.

Author

• Wolman, Hal

Language

• English

Keyword

• Public policy

Date created

• 2014

Type of Work

• Other

Rights statement

• In Copyright

GW Unit

• GW Institute of Public Policy

Persistent URL

•  https://scholarspace.library.gwu.edu/work/12579s505

License

• All rights reserved

Relationships

Items

Thumbnail	Title	Date Uploaded	Visibility	Actions
	Working_Paper_052_EconCrisis.pdf	2018-08-27	Open Access	Press to Select an action Download