Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/202911 
Autor:innen: 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Working Papers No. 17-10
Verlag: 
Federal Reserve Bank of Boston, Boston, MA
Zusammenfassung: 
We develop a new measure of relative debt transparency by comparing the amount of state debt reported in the annual Census survey and the amount reported in the statistical section of the state Comprehensive Annual Financial Report (CAFR). GASB 44 requires states to start reporting their total debt in the CAFR statistical section in FY 2006. However, states are allowed to use accounting choices to exclude some dependent agencies' debt, which contributes to a gap between the two data sources. The regression results suggest that the gap tends to increase when states face greater fiscal stress or less political competition. Such patterns are not found in the pre-GASB 44 period.
Schlagwörter: 
fiscal transparency
state debt
GASB
accounting choices
dependent agencies
JEL: 
H74
H83
Dokumentart: 
Working Paper

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