The Issuance of sTaTe and LocaL debT durIng The unITed sTaTes greaT recessIon

@inproceedings{Fisher2014TheIO,
  title={The Issuance of sTaTe and LocaL debT durIng The unITed sTaTes greaT recessIon},
  author={Ronald C. Fisher and Robert W. Wassmer},
  year={2014}
}
This research explores the borrowing behavior of state and local governments between 2008 and 2010, a period that encompasses the Great Recession. State and local governments continued to borrow markedly during this period of severe fiscal stress. Following an overview of state-local debt and subnational government borrowing, we present a statistical analysis of the demographic, economic, political, and institutional factors that influenced interstate differences in borrowing. This research… CONTINUE READING