国家财政储备：经济繁荣和萧条时期的补充和替代

IF 0.9 Q4 PUBLIC ADMINISTRATION Public Budgeting and Finance Pub Date : 2022-01-27 DOI:10.1111/pbaf.12311

Christian Buerger, Vincent Reitano, Ciana Sorrentino

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引用次数: 0

摘要

在经济大衰退和新冠肺炎大流行开始期间，从业者和学者都将财政储备视为克服国家预算财政压力的手段。本研究建立在探讨经济繁荣和萧条时期以及不同制度背景下预算稳定基金与未分配和未保留余额(UUBs)之间关系的文献基础上。我们发现，在经济繁荣时期，bsf是UUBs的补充，在经济萧条时期，bsf是UUBs的替代。制度规则强烈影响这两种储蓄工具之间的关系。

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State fiscal reserves: Supplementation and substitution over economic boom and bust years

During the Great Recession and the start of the COVID-19 pandemic, practitioners and scholars alike looked to fiscal reserves as a means to overcome fiscal pressure on state budgets. This study builds on the literature exploring the association between budget stabilization funds and unassigned and unreserved balances (UUBs) during economic booms and busts and under different institutional settings. We find that BSFs supplement UUBs during economic booms and substitute for them during economic busts. Institutional rules strongly influence the relationship between both saving instruments.

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来源期刊

Public Budgeting and Finance PUBLIC ADMINISTRATION-

CiteScore

2.10

自引率

14.30%

发文量

期刊介绍： Public Budgeting & Finance serves as a forum for the communication of research and experiences on all facets of government finance and provides meaningful exchange between research from universities, private and nonprofit research institutes, practitioners in public financial markets, government agencies, and the experience of those who practice government budgeting and finance. Researchers, practitioners, and teachers of applied government finance turn to Public Budgeting & Finance to find understandable, reliable, and thoughtful analysis of issues important in the field. The content of the journal spans the spectrum of budget process and policy and financial management, is never limited to one level of government or even to one country, and always even-handedly crosses disciplines and approaches in applied government finance.