Results 261 to 270 of about 2,108,968 (292)

Fiscal Policy Framework and Corruption: Do Fiscal Councils Matter?

This study examines the effect of fiscal councils on corruption across a panel of 134 advanced and developing countries from 1998 to 2021. By employing the "Entropy-IV" method, which combines entropy balancing and instrumental variables, we demonstrate that fiscal councils can contribute to a reduction in corruption, particularly within the executive ...
Kakoum Eudes Somda, Sandrine Kablan
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Debt sustainability in Japan and the case for a fiscal council

Working Papers 2026
Japan combines the highest public debt ratio among advanced economies with a fiscal framework that has struggled to anchor fiscal policy. As monetary policy normalises and interest rates rise, concerns about debt sustainability have intensified. We assess Japan’s debt dynamics using stochastic debt sustainability analysis, and examine the institutional
Tomomi Miyazaki, Marie-Sophie Lappe, Roel Dom   +2 more
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Do fiscal councils reduce fiscal policy procyclicality?

Applied Economics Letters, 2022
Christos Chrysanthakopoulos, Athanasios Tagkalakis   +1 more
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Chapter 6: The Role Of Fiscal Councils In Promoting Fiscal Responsibility

2013
The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments
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Independent Fiscal Councils and Their Possible Role in Greece [PDF]

, 2010
There is a growing interest in the role of independent fiscal councils in strengthening the incentives for fiscal discipline and improving fiscal performance. This paper discusses the motivation for the establishment of such councils and draws on the existing literature and the range of fiscal councils in OECD countries to discuss their key functions ...
Vassilis Th. Rapanoss, Georgia Kaplanoglou   +1 more
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Case Studies of Fiscal Councils - Functions and Impact

Policy Papers, 2013
This supplement presents case studies of seven fiscal councils and examines how each council performs its core functions and if and how it impacts on the fiscal policy debate. The seven fiscal councils are: Belgium (Conseil Supérieur des Finances—HCF), Canada (Parliamentary Budget Officer—PBO), Hungary (Költségvetési Tanács), Korea (National Assembly ...
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The political economy of fiscal transparency and independent fiscal councils

European Economic Review, 2022
Roel Beetsma
exaly  

Part II: Institutions, Rules, and Fiscal Councils

2017
Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative effects of this dynamic. The book has three parts: part 1 (9 chapters) outlines the problems; part 2 (6 chapters) outlines how institutions and fiscal rules ...
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Fiscal Councils in the Countries of Eastern-Central Europe [PDF]

Public Finance Quarterly, 2014
Improving the efficiency of budgetary management and preventing overspending that with an adverse effect on performance are fundamental conditions of budget stability and issues of strategic importance. Rule-based budget means more than merely a stipulation that public finance managements shall observe the rules of budget planning and execution and ...
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Independent Fiscal Councils

2019
Martin Larch, Niels Thygesen
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