Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260124 
Authors: 
Year of Publication: 
2014
Series/Report no.: 
Working Paper No. 2014:27
Publisher: 
Lund University, School of Economics and Management, Department of Economics, Lund
Abstract: 
This paper derives a set of policy lessons for Portugal from the new fiscal framework including a fiscal policy council that gradually emerged in Sweden after the deep economic crisis of the early 1990s. By now, Swedish public finances stand out among the strongest in Europe. Recent Swedish macroeconomic performance has been impressive. As Sweden and Portugal are small open economies in the periphery of Europe, Sweden may serve as a fiscal model for Portugal. Policy lessons are distilled from the Swedish experience for Portugal, stressing the importance of the economic policy culture for macroeconomic outcomes and for trust in government institutions and policies.
Subjects: 
Fiscal rules
fiscal policy council
fiscal policy
public debt
Sweden
Portugal.
JEL: 
E52
E62
E63
E65
F44
H62
O52
Document Type: 
Working Paper

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