Fiscal Councils is popular PDF and ePub book, written by Mr.Roel M. W. J. Beetsma in 2016-04-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Fiscal Councils can be Read Online from any device for your convenience.
Fiscal Councils Book PDF Summary
The paper discusses the effectiveness of independent fiscal institutions—or fiscal councils—in taming the deficit bias that emerged in the 1970s. After a review of the main theoretical arguments and recent trends about fiscal councils, we develop a stylized model showing how a fiscal council can effectively mitigate the deficit bias even though it has no direct lever on the conduct of fiscal policy. We show that the capacity of the fiscal council to improve the public’s understanding of the quality of fiscal policy contributes to better align voters and policymakers’ incentives and to tame the deficit bias affecting well-intended governments. After mapping the model’s key features into a broad set of criteria likely to contribute to the effectiveness of a fiscal council, we use the 2014 vintage of the IMF dataset on independent fiscal institutions to assess whether existing institutions have been built to work.
Detail Book of Fiscal Councils PDF
- Author : Mr.Roel M. W. J. Beetsma
- Release : 12 April 2016
- Publisher : International Monetary Fund
- ISBN : 9781475520064
- Genre : Business & Economics
- Total Page : 26 pages
- Language : English
- PDF File Size : 18,9 Mb
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