In to the design and implementation of rules. There

In the latter case, although many studies havequestioned the stabilizing effect of fiscal policy choices, the need forfinancial stability and economic stability in various countries shows that itis not desirable or possible to completely abandon the policy of camera choice.In view of this, how to ensure the effectiveness of policy decision-making incamera is what we need to consider. In order to solve this problem, most of thecountries in the world have made corresponding restrictions on the choice offiscal policy.

In spite of this, there are still big differences between thetheoretical circles regarding whether the fiscal policy needs to be bound byrules. For this issue, we need to analyze from three perspectives, so as tograsp the fundamentals of the fiscal policy and regulatory constraints. Firstof all, we need to clarify the meaning of financial rules and their purpose;second, examine the effect of such rules; finally, we need to pay attention tothe design and implementation of rules. There is already empirical evidencethat if the rules can not be made in the form of public choice, this task canonly be entrusted to an independent, reputable organization. Not only that, butin order to ensure the effective implementation of the rules, we must alsoIncrease transparency in the formulation and implementation of rules, astransparency of information not only increases the power of external oversight,but also promotes scientific development of policies.

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