Robert M. La Follette School of Public Affairs

The Case for Counter-Cyclical Fiscal Capacity

The authors suggest that state governments develop "counter-cyclical fiscal capacity" to create and use financial tools to maintain spending and program stability when revenue drops. This would help avoid spending cuts and tax increases. This paper is published in Journal of Public Administration Research and Theory 18 (1): 139-159.

Additional Info

  • Volume or issue no.: La Follette School Working Paper No. 2007-004
  • Author(s): Yilin Hou and Donald P. Moynihan