| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12826 |
| DP12826 Independent fiscal councils: recent trends and performance | |
| Roel Beetsma; Xavier Debrun; Victor Lledo; Samba Mbaye; Xiaoxiao Zhang | |
| 发表日期 | 2018-03-28 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Countries increasingly rely on independent fiscal councils to constrain policymakers’ discretion and curb the bias towards excessive deficits and pro-cyclical policies. Since fiscal councils are often recent and heterogeneous across countries, assessing their impact is challenging. Using the latest (2016) vintage of the IMF Fiscal Council Dataset, we focus on two tasks expected to strengthen fiscal performance: the preparation or assessment of forecasts, and the monitoring of compliance with fiscal rules. Tentative econometric evidence suggests that the presence of a fiscal council is associated with more accurate and possibly less optimistic fiscal forecasts, as well as greater compliance with fiscal rules. |
| 主题 | Macroeconomics and Growth ; Public Economics |
| 关键词 | Independent fiscal councils Fiscal rule compliance Fiscal forecasts |
| URL | https://cepr.org/publications/dp12826 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541636 |
| 推荐引用方式 GB/T 7714 | Roel Beetsma,Xavier Debrun,Victor Lledo,et al. DP12826 Independent fiscal councils: recent trends and performance. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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