State Rainy Day Funds and Fiscal Crises: Rainy Day Funds and the 1990-1991 Recession Revisited

The recession of the early 1980s prompted many states to establish budget stabilization (rainy day) funds. Initial examinations of rainy day funds find a limited impact by the funds in alleviating fiscal stress. In this article, we propose an enhanced model of rainy day fund impact. Using data from...

Full description

Saved in:
Bibliographic Details
Published in:Public budgeting & finance 2002, Vol.22 (1), p.19-30
Main Authors: Douglas, James W., Gaddie, Ronald Keith
Format: Article
Language:English
Subjects:
Budgeting
Budgets
Business cycles
Dependent variables
Economic models
Expenditures
Fiscal years
Municipal finance
Recessions
Studies
Tax increases
Taxes
Variables
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c3283-bb39f236efffa7eb8a5620f52488db38cfbfa87ab18b1d2cefcc64b748736db53
cites
container_end_page 30
container_issue 1
container_start_page 19
container_title Public budgeting & finance
container_volume 22
creator Douglas, James W.
Gaddie, Ronald Keith
description The recession of the early 1980s prompted many states to establish budget stabilization (rainy day) funds. Initial examinations of rainy day funds find a limited impact by the funds in alleviating fiscal stress. In this article, we propose an enhanced model of rainy day fund impact. Using data from 48 states for the 1990–1991 recession, our analysis indicates that the presence of a number of structural factors and the maintenance of generally large balances in other funds entering recession helps to alleviate fiscal stress when a state’s economy is in recession.
doi_str_mv 10.1111/1540-5850.00063
format article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_212080796</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>110424745</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3283-bb39f236efffa7eb8a5620f52488db38cfbfa87ab18b1d2cefcc64b748736db53</originalsourceid><addsrcrecordid>eNqFkM9LwzAUx4MoOKdnr8F7XX40TeptTrsJc8r8BTsYkjbBzNnNpFP739tZ2UnwHd4L4fN5D74AHGN0ipvqYRajiAmGThFCCd0Bne3PLuggwlmEMUL74CCEeYPECWcd8HxXqcrAqXJlDS9UDbN1WQSoygJmLuRqAQfeBRPO_kSqFwNxmqKoaRhOTW5CcMuyeX244CpTHII9qxbBHP3OLnjILu8Ho2h8M7wa9MdRTomgkdY0tYQmxlqruNFCsYQgy0gsRKGpyK22SnClsdC4ILmxeZ7EmseC06TQjHbBSbt35ZfvaxMqOV-ufdmclAQTJBBPkwbqtVDulyF4Y-XKuzfla4mR3GQoN4nJTWLyJ8PGiFvj0y1M_R8ub8_7WatFreZCZb62mvKvMuGUM_k0GcrHazEcodlMTug3PWGASQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>212080796</pqid></control><display><type>article</type><title>State Rainy Day Funds and Fiscal Crises: Rainy Day Funds and the 1990-1991 Recession Revisited</title><source>EconLit s plnými texty</source><source>EBSCOhost Business Source Ultimate</source><source>Wiley</source><source>PAIS Index</source><source>Worldwide Political Science Abstracts</source><creator>Douglas, James W. ; Gaddie, Ronald Keith</creator><creatorcontrib>Douglas, James W. ; Gaddie, Ronald Keith</creatorcontrib><description>The recession of the early 1980s prompted many states to establish budget stabilization (rainy day) funds. Initial examinations of rainy day funds find a limited impact by the funds in alleviating fiscal stress. In this article, we propose an enhanced model of rainy day fund impact. Using data from 48 states for the 1990–1991 recession, our analysis indicates that the presence of a number of structural factors and the maintenance of generally large balances in other funds entering recession helps to alleviate fiscal stress when a state’s economy is in recession.</description><identifier>ISSN: 0275-1100</identifier><identifier>EISSN: 1540-5850</identifier><identifier>DOI: 10.1111/1540-5850.00063</identifier><language>eng</language><publisher>Boston, USA and Oxford, UK: Blackwell Publishers Inc</publisher><subject>Budgeting ; Budgets ; Business cycles ; Dependent variables ; Economic models ; Expenditures ; Fiscal years ; Municipal finance ; Recessions ; Studies ; Tax increases ; Taxes ; Variables</subject><ispartof>Public budgeting &amp; finance, 2002, Vol.22 (1), p.19-30</ispartof><rights>Copyright Blackwell Publishers Inc. Spring 2002</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3283-bb39f236efffa7eb8a5620f52488db38cfbfa87ab18b1d2cefcc64b748736db53</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27866,27924,27925</link.rule.ids></links><search><creatorcontrib>Douglas, James W.</creatorcontrib><creatorcontrib>Gaddie, Ronald Keith</creatorcontrib><title>State Rainy Day Funds and Fiscal Crises: Rainy Day Funds and the 1990-1991 Recession Revisited</title><title>Public budgeting &amp; finance</title><description>The recession of the early 1980s prompted many states to establish budget stabilization (rainy day) funds. Initial examinations of rainy day funds find a limited impact by the funds in alleviating fiscal stress. In this article, we propose an enhanced model of rainy day fund impact. Using data from 48 states for the 1990–1991 recession, our analysis indicates that the presence of a number of structural factors and the maintenance of generally large balances in other funds entering recession helps to alleviate fiscal stress when a state’s economy is in recession.</description><subject>Budgeting</subject><subject>Budgets</subject><subject>Business cycles</subject><subject>Dependent variables</subject><subject>Economic models</subject><subject>Expenditures</subject><subject>Fiscal years</subject><subject>Municipal finance</subject><subject>Recessions</subject><subject>Studies</subject><subject>Tax increases</subject><subject>Taxes</subject><subject>Variables</subject><issn>0275-1100</issn><issn>1540-5850</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2002</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><sourceid>7UB</sourceid><recordid>eNqFkM9LwzAUx4MoOKdnr8F7XX40TeptTrsJc8r8BTsYkjbBzNnNpFP739tZ2UnwHd4L4fN5D74AHGN0ipvqYRajiAmGThFCCd0Bne3PLuggwlmEMUL74CCEeYPECWcd8HxXqcrAqXJlDS9UDbN1WQSoygJmLuRqAQfeBRPO_kSqFwNxmqKoaRhOTW5CcMuyeX244CpTHII9qxbBHP3OLnjILu8Ho2h8M7wa9MdRTomgkdY0tYQmxlqruNFCsYQgy0gsRKGpyK22SnClsdC4ILmxeZ7EmseC06TQjHbBSbt35ZfvaxMqOV-ufdmclAQTJBBPkwbqtVDulyF4Y-XKuzfla4mR3GQoN4nJTWLyJ8PGiFvj0y1M_R8ub8_7WatFreZCZb62mvKvMuGUM_k0GcrHazEcodlMTug3PWGASQ</recordid><startdate>2002</startdate><enddate>2002</enddate><creator>Douglas, James W.</creator><creator>Gaddie, Ronald Keith</creator><general>Blackwell Publishers Inc</general><general>Blackwell Publishing Ltd</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>7UB</scope><scope>DHY</scope><scope>DON</scope></search><sort><creationdate>2002</creationdate><title>State Rainy Day Funds and Fiscal Crises: Rainy Day Funds and the 1990-1991 Recession Revisited</title><author>Douglas, James W. ; Gaddie, Ronald Keith</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3283-bb39f236efffa7eb8a5620f52488db38cfbfa87ab18b1d2cefcc64b748736db53</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2002</creationdate><topic>Budgeting</topic><topic>Budgets</topic><topic>Business cycles</topic><topic>Dependent variables</topic><topic>Economic models</topic><topic>Expenditures</topic><topic>Fiscal years</topic><topic>Municipal finance</topic><topic>Recessions</topic><topic>Studies</topic><topic>Tax increases</topic><topic>Taxes</topic><topic>Variables</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Douglas, James W.</creatorcontrib><creatorcontrib>Gaddie, Ronald Keith</creatorcontrib><collection>Istex</collection><collection>CrossRef</collection><collection>PAIS Index</collection><collection>Worldwide Political Science Abstracts</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><jtitle>Public budgeting &amp; finance</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Douglas, James W.</au><au>Gaddie, Ronald Keith</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>State Rainy Day Funds and Fiscal Crises: Rainy Day Funds and the 1990-1991 Recession Revisited</atitle><jtitle>Public budgeting &amp; finance</jtitle><date>2002</date><risdate>2002</risdate><volume>22</volume><issue>1</issue><spage>19</spage><epage>30</epage><pages>19-30</pages><issn>0275-1100</issn><eissn>1540-5850</eissn><abstract>The recession of the early 1980s prompted many states to establish budget stabilization (rainy day) funds. Initial examinations of rainy day funds find a limited impact by the funds in alleviating fiscal stress. In this article, we propose an enhanced model of rainy day fund impact. Using data from 48 states for the 1990–1991 recession, our analysis indicates that the presence of a number of structural factors and the maintenance of generally large balances in other funds entering recession helps to alleviate fiscal stress when a state’s economy is in recession.</abstract><cop>Boston, USA and Oxford, UK</cop><pub>Blackwell Publishers Inc</pub><doi>10.1111/1540-5850.00063</doi><tpages>12</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0275-1100
ispartof Public budgeting & finance, 2002, Vol.22 (1), p.19-30
issn 0275-1100
1540-5850
language eng
recordid cdi_proquest_journals_212080796
source EconLit s plnými texty; EBSCOhost Business Source Ultimate; Wiley; PAIS Index; Worldwide Political Science Abstracts
subjects Budgeting
Budgets
Business cycles
Dependent variables
Economic models
Expenditures
Fiscal years
Municipal finance
Recessions
Studies
Tax increases
Taxes
Variables
title State Rainy Day Funds and Fiscal Crises: Rainy Day Funds and the 1990-1991 Recession Revisited
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-30T21%3A02%3A54IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=State%20Rainy%20Day%20Funds%20and%20Fiscal%20Crises:%20Rainy%20Day%20Funds%20and%20the%201990-1991%20Recession%20Revisited&rft.jtitle=Public%20budgeting%20&%20finance&rft.au=Douglas,%20James%20W.&rft.date=2002&rft.volume=22&rft.issue=1&rft.spage=19&rft.epage=30&rft.pages=19-30&rft.issn=0275-1100&rft.eissn=1540-5850&rft_id=info:doi/10.1111/1540-5850.00063&rft_dat=%3Cproquest_cross%3E110424745%3C/proquest_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c3283-bb39f236efffa7eb8a5620f52488db38cfbfa87ab18b1d2cefcc64b748736db53%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=212080796&rft_id=info:pmid/&rfr_iscdi=true