- Abstract:
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Fiscal councils now exist in a number of countries. This paper first considers the extent of deficit bias, potential explanations for it, and how independent institutions could help reduce it. Are fiscal councils complements to or substitutes for fiscal rules, and why do none at present have any formal control over fiscal decisions? The paper then outlines the specific tasks that a fiscal council might undertake, and examines how these are combined in eleven fiscal councils. A more detai...
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- Volume:
- 537
- Series:
- Discussion paper series
- Publication date:
- 2011-02-05
- URN:
-
uuid:3d56d1a9-0853-451d-bcd7-19acd74d4d64
- Local pid:
- oai:economics.ouls.ox.ac.uk:15064
- Language:
- English
- Copyright date:
- 2011
Working paper
What should fiscal councils do?
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