This comprehensive book describes and analyzes the substance and
politics of public budgeting at the national, state, and local
levels of government. In doing so, it takes a comparative approach,
illustrating the distinctiveness of budgeting at each level, as
well as highlighting the features common to all three. A unifying
focus is the extent to which budgetary decision makers use the
budget as a central vehicle to advance their policy preferences.
This fully updated sixth edition provides an extensive and thorough
analysis of the causes of the Great Recession, its economic
consequences, and the policy responses which pushed the boundaries
of conventional monetary and fiscal policy. Also new to this
edition is a chapter on the intergovernmental dimensions of public
budgeting, along with boxed features highlighting hands-on
vignettes of contemporary practical challenges facing budget makers
at the different levels of government.
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