What should fiscal councils do?

Fiscal watchdogs, so-called fiscal councils, have been proposed as a method to counter deficit bias of fiscal policy. 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 a...

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Bibliographic Details
Main Authors: Lars Calmfors, L, Wren-Lewis, S
Format: Journal article
Language:English
Published: Blackwell Publishing 2011