Design matters: Independent fiscal institutions and the cyclicality of government spending
研究了2000-2022年157个国家的数据，发现独立财政机构的设计特征（如更强的授权、更广的职责、独立性等）有助于减少政府支出的顺周期性，促进逆周期财政政策。
Using a panel of 157 countries over the period 2000–2022, we estimate time-varying coefficients of government spending cyclicality and examine whether independent fiscal institutions help reduce this cyclicality. Our findings indicate that the design features of independent fiscal institutions play a crucial role. Institutions with stronger mandates, broader responsibilities, greater independence, adequate resources, and effective communication frameworks are associated with more countercyclical fiscal policy.