Good, Bad or Ugly? On the Effects of Fiscal Rules with Creative Accounting
Good, Bad or Ugly? On the Effects of Fiscal Rules with Creative Accounting
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好、坏还是丑？
DOI：
10.1016/s0047-2727(02)00076-2
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发表时间：
2000
期刊：
影响因子：
--
通讯作者：
G. Milesi
中科院分区：
文献类型：
--
作者：
G. Milesi
财政规则会导致财政调整，还是会鼓励使用“创造性会计”？这个问题是用一个模型来研究的，在这个模型中，财政规则被强加于“衡量的”财政变量，这可能与“真实的”变量不同，因为创造性的会计有一定的余地。发现创造性会计的可能性取决于其规模和预算的透明度。该模型研究了预算规则对财政政策的影响，将结构性影响与周期性影响分开，并考察了这些影响如何依赖于潜在的财政扭曲和预算的透明度程度。
Do fiscal rules lead to fiscal adjustment, or do they encourage the use of ‘creative accounting’? This question is studied with a model in which fiscal rules are imposed on ‘measured’ fiscal variables, which can differ from ‘true’ variables because there is a margin for creative accounting. The probability of detecting creative accounting depends on its size and the transparency of the budget. The model studies the effects on fiscal policy of a budget rule, separating structural from cyclical effects, and examines how these effects depend on the underlying fiscal distortion and on the degree of transparency of the budget.