The study is focused on identifying of the features of the concept of automatic fiscal stabilizers as well as on logic and economic assessment of them. The result of these steps is developing the definition of automatic fiscal stabilizer. Based on the definition, the sufficient predicates (attributes) of the automatic fiscal stabilizer (i.e. those characteristics that, once verified, ensure the quality of automatic fiscal stabilizer) are identified and, based on the last, are also identified the necessary predicates (attributes) of it. A particularly important aspect is the formal description of the generic action of the automatic fiscal stabilizer in different assumptions of the variation rate action, and of the variation of the base action of this special institutional tool. The study ends with analyzing the portfolio problem of the automatic fiscal stabilizers that could be designed and implemented under a non-discretionary fiscal policy framework.
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