Fiscal Stance, Fiscal Rules, and Public Debt Dynamics in the United States

被引：1

作者：

Abubakar, Attahir B. ^{[1
,2
]}

Mamman, Suleiman O. ^{[3
]}

Iliyasu, Jamilu ^{[4
,5
]}

机构：

[1] Univ West Scotland, Sch Business & Creat Ind, Paisley, Scotland

[2] Univ West Scotland, Ctr African Res Enterprise & Econ Dev, Paisley, Scotland

[3] Ural Fed Univ, Grad Sch Econ & Management, Sverdlovsk Oblast, Russia

[4] Middle East Univ, MEU Res Unit, Amman, Jordan

[5] Ahmadu Bello Univ, Dept Econ, Zaria, Nigeria

来源：

PUBLIC BUDGETING AND FINANCE | 2025年 / 45卷 / 01期

关键词：

austerity; debt sustainability; fiscal consolidation; fiscal rules; public debt; United States; CONSOLIDATION; SUSTAINABILITY; GROWTH;

D O I：

10.1111/pbaf.12394

中图分类号：

C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;

摘要：

Public debt in the United States has continued to rise despite the implementation of various policy measures aimed at curbing its growth. The Autoregressive Distributed Lag (ARDL) and Dynamic Simulated ARDL models were used to examine the effect of fiscal stance and fiscal rules on the dynamics of US public debt. The findings reveal that while fiscal tightening is useful in reducing public debt accumulation, the adoption of fiscal rules may be unbeneficial for curtailing public debt, implying that discretion, rather than rules, may be more desirable for public debt management in the United States.

引用

页码：88 / 98

页数：11

共 39 条

[1] Does fiscal tightening (loosening) reduce public debt? [J].

Abubakar, Attahir Babaji .

AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT, 2020, 32 (04) :528-539

[2]

Akitoby B., 2018, J BANKING FINANCIAL, V1, P28

[3] PUBLIC DEBT GROWTH, GREAT RECESSION AND FISCAL CONSOLIDATION-THE SERBIAN EPISODE [J].

Andric, Vladimir ;

Minovic, Jelena .

SERBIAN JOURNAL OF MANAGEMENT, 2018, 13 (02) :251-262

[4]

[Anonymous], 2016, European Central Bank

[5] Public debt sustainability: Evidence from EU countries under fiscal consolidation and non-linear unit root tests [J].

Apergis, Nicholas .

ECONOMICS AND BUSINESS LETTERS, 2015, 4 (04) :131-136

[6]

Ascari G. G., 2024, VOXEU

[7]

Balasundharam V., 2023, INT MONETARY FUND WO

[8]

Boussard J., 2013, PUBLIC DEBT GLOBAL G

[9]

Cabral R., 2023, SUBNATIONAL PUBLIC D, DOI [10.2139/ssrn.4517424, DOI 10.2139/SSRN.4517424]

[10]

Cafiso G., Intereconomics, V47, DOI DOI 10.1007/S10272-012-0407-X

← 1 2 3 4 →