Redburn, F. Stevens
Budgeting for existential crisis the federal government as society's guarantor / F. Stevens Redburn .-- , 2021
Resumen.
Bibliografía.
Onset of the coronavirus disease 2019 pandemic produced a fiscal shock of almost unprecedented scale and suddenness. Procedurally, the exigencies of responding to such crises make a mockery of the apparatus of normal budgeting. Standard near-term constraints and targets for fiscal choice lose utility as guides for budgeters; extraordinary procedures are invoked. Assessing the initial fiscal response reveals the extraordinary role the federal government plays during such a period as ultimate guarantor of the economy and social order. The federal government has constitutional responsibility and, under duress, is the only set of institutions with the capacity to play this role. Federal responses to ordinary emergencies generally assess their contribution to relief and recovery. In an extraordinary emergency such as the pandemic, responses may be assessed for their contributions to two additional policy objectives: readiness and resilience.
PANDEMIAS
CORONAVIRUS
CRISIS ECONOMICAS
IMPUESTOS
POLITICA FISCAL
PRESUPUESTOS
ESTADOS UNIDOS
Public Budgeting and Finance 0275-1100v. 41, n. 3, Fall 2021, p. 5-21
Budgeting for existential crisis the federal government as society's guarantor / F. Stevens Redburn .-- , 2021
Resumen.
Bibliografía.
Onset of the coronavirus disease 2019 pandemic produced a fiscal shock of almost unprecedented scale and suddenness. Procedurally, the exigencies of responding to such crises make a mockery of the apparatus of normal budgeting. Standard near-term constraints and targets for fiscal choice lose utility as guides for budgeters; extraordinary procedures are invoked. Assessing the initial fiscal response reveals the extraordinary role the federal government plays during such a period as ultimate guarantor of the economy and social order. The federal government has constitutional responsibility and, under duress, is the only set of institutions with the capacity to play this role. Federal responses to ordinary emergencies generally assess their contribution to relief and recovery. In an extraordinary emergency such as the pandemic, responses may be assessed for their contributions to two additional policy objectives: readiness and resilience.
PANDEMIAS
CORONAVIRUS
CRISIS ECONOMICAS
IMPUESTOS
POLITICA FISCAL
PRESUPUESTOS
ESTADOS UNIDOS
Public Budgeting and Finance 0275-1100v. 41, n. 3, Fall 2021, p. 5-21