Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46515 
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dc.contributor.authorCalmfors, Larsen
dc.contributor.authorWren-Lewis, Simonen
dc.date.accessioned2011-05-24-
dc.date.accessioned2011-06-29T11:20:32Z-
dc.date.available2011-06-29T11:20:32Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3382en
dc.subject.jelH60en
dc.subject.ddc330en
dc.subject.keyworddeficit biasen
dc.subject.keywordfiscal rulesen
dc.subject.keywordfiscal councilsen
dc.subject.stwÖffentliche Finanzkontrolleen
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwFinanzpolitiken
dc.subject.stwWirtschaftspolitische Beratungen
dc.subject.stwWirtschaftspolitiken
dc.subject.stwÖffentliche Finanzwirtschaften
dc.subject.stwSchwedenen
dc.subject.stwGroßbritannienen
dc.subject.stwEU-Staatenen
dc.subject.stwUSAen
dc.titleWhat should fiscal councils do?-
dc.typeWorking Paperen
dc.identifier.ppn659517698en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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