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POLICY EVALUATION: THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008
Title
POLICY EVALUATION: THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008.
Creator
Lopez Pelaez, Kevin
Abstract/Description
The Emergency Economic Stabilization Act (EESA) of 2008, often referred to as the “bank bailout of 2008”, was an act of Congress that created a billion-dollar Troubled Asset Relief Program (TARP) to purchase distressed assets during the Financial Crisis. The EESA was one of the “bailout measures” taken by congress to help repair the economic damage of 2007-08. Although the EESA is a fiduciary-centered act of congress, its long-term implications affected everyday Americans through its policy...
Show moreThe Emergency Economic Stabilization Act (EESA) of 2008, often referred to as the “bank bailout of 2008”, was an act of Congress that created a billion-dollar Troubled Asset Relief Program (TARP) to purchase distressed assets during the Financial Crisis. The EESA was one of the “bailout measures” taken by congress to help repair the economic damage of 2007-08. Although the EESA is a fiduciary-centered act of congress, its long-term implications affected everyday Americans through its policy impacts. One central question in this policy evaluation is to analyze whether the EESA bailout unjustly assisted prominent banks and broker-dealers or whether the EESA was essential to ensure the prevention of the U.S. financial system from collapsing. Because the Financial Crisis of 2007-08 had such a broad impact, especially since many distressed assets were within the residential market [of average Americans], analyzing this Act through research and policy evaluation is especially fitting. This Policy Evaluation explores public policy in emergency circumstances, implications outside the financial sector for the public, and the overall synthesis between major financial markets and institutions and the American general public.
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Date Issued
2021
PURL
http://purl.flvc.org/fau/fd/FAUIR000403
Subject Headings
United States. Emergency Economic Stabilization Act of 2008, Global Financial Crisis, 2008-2009, Banking law--United States
Format
Document (PDF)
Local Government Decisions in a Time of Economic Decline: A Study of County Government Budget Policy During the Great Recession
Title
Local Government Decisions in a Time of Economic Decline: A Study of County Government Budget Policy During the Great Recession.
Creator
Wilson, Darrin Hugh, McCue, Clifford P., Florida Atlantic University, College for Design and Social Inquiry, School of Public Administration
Abstract/Description
This dissertation examined the literature of cutback management in the context of the Great Recession. Specifically, it studied the relationship between cutback management policies used by county governments during the recession and revenue changes. The purpose of this dissertation was to test whether or not the percent change in revenue had an impact on the probability that cutback management policies were used in the recession. According to the cutback management literature developed in the...
Show moreThis dissertation examined the literature of cutback management in the context of the Great Recession. Specifically, it studied the relationship between cutback management policies used by county governments during the recession and revenue changes. The purpose of this dissertation was to test whether or not the percent change in revenue had an impact on the probability that cutback management policies were used in the recession. According to the cutback management literature developed in the 1970s and 1980s, there should be a relationship. The theoretical framework used for this study was the rational-approach framework, which proposes that every expenditure reducing and revenue increasing policy is enacted based on the percent decrease in revenue the government faces. This suggests that the cutback management policies are a proportional response to revenue decline. The framework was operationalized by using a binary logistic regression that used policy en actment as the dependent variable and the percent change in revenue as the independent variable. Eighty-six counties were sampled and 7 years of each county's budget book were examined for policies and financial data. The research found that eleven expenditure policies and three revenue policies had a statistically significant relationship with the percent change in revenues. This resulted in the conclusion that the framework and, therefore, the cutback management literature were useful in explaining primarily expenditure policies.
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Date Issued
2015
PURL
http://purl.flvc.org/fau/fd/FA00004556, http://purl.flvc.org/fau/fd/FA00004556
Subject Headings
Financial crises -- United States -- 21st century, Global Financial Crisis, 2008-2009, Infrastructure (Economics) -- United States -- 21st century, Local budgets -- United States, Municipal budgets -- United States, United States -- Economic conditions -- 2009-
Format
Document (PDF)