Fiscal Councils : Rationale and Effectiveness /
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 eff...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2016/086 |
| Онлайн доступ: | Full text available on IMF |