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dc.contributor.authorCalmfors, Larsen_US
dc.contributor.authorWren-Lewis, Simonen_US
dc.date.accessioned2011-05-24en_US
dc.date.accessioned2011-06-29T11:20:32Z-
dc.date.available2011-06-29T11:20:32Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46515-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Fiscal Policy, Macroeconomics and Growth 3382en_US
dc.subject.jelH60en_US
dc.subject.ddc330en_US
dc.subject.keyworddeficit biasen_US
dc.subject.keywordfiscal rulesen_US
dc.subject.keywordfiscal councilsen_US
dc.subject.stwÖffentliche Finanzkontrolleen_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwWirtschaftspolitische Beratungen_US
dc.subject.stwWirtschaftspolitiken_US
dc.subject.stwÖffentliche Finanzwirtschaften_US
dc.subject.stwSchwedenen_US
dc.subject.stwGroßbritannienen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwUSAen_US
dc.titleWhat should fiscal councils do?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn659517698en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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