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Discretionary vs nondiscretionary in fiscal mechanism – non-automatic fiscal stabilisers vs automatic fiscal stabilisers

机译：财政机制中的自由裁量权与非自由裁量权–非自动财政稳定剂与自动财政稳定剂

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The goal of the present study is to increase the intelligibility of macroeconomic phenomena triggered by governmental intervention in economy by means of fiscal policies. During cyclical movements, fiscal policy can play an important role in order to help stabilise the economy. But discretionary policy usually implies implementation lags and is not automatically reversed when economic conditions change. In contrast, automatic fiscal stabilisers (SFA) ensure a prompter, and self-correcting fiscal response. The present study aims to tackle the topic of discretionary vs nondiscretionary characteristic of fiscal stabilisers (SF). In this context, the scope of the research undertaking is to launch a scientific debate over the definitions of the concepts of non-automatic fiscal stabilisers (SfnA) and SFAs. We describe how we can quantify the discretionary and non-discretionary character of the fiscal policy, by the analysis of the structure of the conventional budget balance (SBc), budget balance associated with the current GDP. In the final part of this article, we propose a quantitative equilibrium model for establishing the mathematical prerequisites for an SF to become automatic. Likewise, on the basis of the proposed mathematical model we have performed a qualitative analysis of the influence factors.
机译：本研究的目的是通过财政政策提高由政府干预经济引发的宏观经济现象的可理解性。在周期性运动中，财政政策可以发挥重要作用，以帮助稳定经济。但是，自由裁量政策通常意味着实施滞后，并且在经济状况变化时不会自动逆转。相比之下，自动财政稳定器（SFA）可以确保及时做出自我调整的财政响应。本研究旨在解决财政稳定剂（SF）的自由裁量与非自由裁量特征的话题。在这种情况下，研究工作的范围是就非自动财政稳定剂（SfnA）和SFA的概念进行科学辩论。我们通过分析常规预算余额（SBc）的结构以及与当前GDP相关的预算余额，描述了如何量化财政政策的自由裁量权和非自由裁量权。在本文的最后部分，我们提出了一个定量均衡模型，用于建立SF自动化的数学前提。同样，在提出的数学模型的基础上，我们对影响因素进行了定性分析。

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