Arbeitspapier
What should fiscal councils do?
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory, rather than decision-making, and work as complements, rather than substitutes, to fiscal rules. A key issue is the political fragility of fiscal councils and how their long-run viability should be secured. Three ways of guaranteeing their independence are suggested: (1) reputation-building; (2)formal national rules; and (3) international monitoring.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 3382
- Klassifikation
-
Wirtschaft
National Budget, Deficit, and Debt: General
- Thema
-
deficit bias
fiscal rules
fiscal councils
Öffentliche Finanzkontrolle
Öffentliche Schulden
Finanzpolitik
Wirtschaftspolitische Beratung
Wirtschaftspolitik
Öffentliche Finanzwirtschaft
Schweden
Großbritannien
EU-Staaten
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Calmfors, Lars
Wren-Lewis, Simon
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Calmfors, Lars
- Wren-Lewis, Simon
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2011
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