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

Attahir B. Abubakar, Suleiman Mamman and Jamilu Iliyasu

Public Budgeting & Finance, 2025, vol. 45, issue 1, 88-98

Abstract: 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.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/pbaf.12394

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:pbudge:v:45:y:2025:i:1:p:88-98

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0275-1100

Access Statistics for this article

Public Budgeting & Finance is currently edited by Philip Joyce and William Simonsen

More articles in Public Budgeting & Finance from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().