000			01516nam a22001577a 4500
999			_c519333 _d519333
008			220225b ||||| |||| 00| 0 eng d
100			_aChung, Il Hwan and Williams, Daniel _932285
245			_aLocal governments’ responses to the fiscal stress label: The case of New York
260			_aLocal Government Studies
300			_a47(5), Oct, 2021: p.808-835
520			_aFiscal stress has been a source of significant concern for local governments and has led to the introduction of a variety of approaches for dealing with such a situation. One emerging practise is to adopt early-warning systems which identify fiscal stress, assign a fiscal stress label, and assist with local governments’ financial management. Although there is a growing body of research focusing on fiscal stress indicators, there is a lack of studies examining whether localities given a fiscal stress label by the fiscal stress monitoring system improve their fiscal health. With a regression discontinuity design, we have found that less stressed localities improve their financial condition as compared with more stressed ones in the short run. This study has the potential to inform discussions about the role and strategies of states in strengthening localities’ financial situations and designing a better fiscal monitoring system. – Reproduced
650			_aFiscal stress, Regression discontinuity, Fiscal stress monitoring _930212
773			_aLocal Government Studies
906			_aLOCAL GOVERNMENTS
942			_cAR