Domestic Public Policy

In a Bad State: Responding to State and Local Fiscal Crises

Grant Year: 2021

David Schleicher will research and write a book examining how policymakers should respond to challenges posed by fiscally distressed state and local governments. He will explore the tradeoffs facing federal policymakers in such fiscal crises, including how to minimize moral hazard, reduce macroeconomic distress, and protect bond markets that supply credit to states and cities with stable finances.

Yale University Law School Domestic Public Policy