Countercyclical Fiscal Policy During the COVID-19 Pandemic: Federal Stimulus Funding for State and Local Governments

View Sample PDF

Author(s): Roland Calia (Illinois Institute of Technology, USA)
Copyright: 2023
Pages: 19
Source title: Handbook of Research on Transforming Government, Nonprofits, and Healthcare in a Post-Pandemic Era
Source Author(s)/Editor(s): Joanne E. Howard (Illinois Institute of Technology, USA)
DOI: 10.4018/978-1-6684-2314-1.ch001

Keywords: Business Science Reference / Government & Law / Public & Sector Management / Public and Sector Management

Purchase

View Countercyclical Fiscal Policy During the COVID-19 Pandemic: Federal Stimulus Funding for State and Local Governments on the publisher's website for pricing and purchasing information.

Abstract

The COVID-19 pandemic has posed a monumental economic and fiscal challenge to state and local governments. Their ability to use fiscal policies to address these challenges is limited due to structural and capacity issues. Only the federal government has the resources and capacity to implement meaningful countercyclical fiscal policies to mitigate the severe economic and fiscal disruption in the states caused by the pandemic. This chapter presents data on the amount of direct financial assistance provided to state and local governments through the CARES Act of 2020, Coronavirus Relief Fund, and the American Rescue Plan Act of 2021 and describes how the State of Illinois, Cook County, and the City of Chicago are utilizing those funds.

The IRMA Community

Research IRM

Countercyclical Fiscal Policy During the COVID-19 Pandemic: Federal Stimulus Funding for State and Local Governments

Purchase

Abstract

Related Content

IRMA Sponsors