Results 11 to 20 of about 580,043 (299)
Improving Fiscal Performance Through Fiscal Councils [PDF]
OECD Economics Department Working Papers, 2010 There is growing interest in the role of independent fiscal institutions, or fiscal councils, in helping to improve fiscal performance. This paper provides some guidance on the scope for improving fiscal performance through fiscal councils based on the available literature and the range of fiscal institutions in the OECD countries. The effectiveness of
Robert P. Hagemann
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Independent Fiscal Councils: Recent Trends and Performance
IMF Working Papers, 2018 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.
Roel Beetsma +6 more
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Do fiscal councils impact fiscal performance? [PDF]
, 2015 In order to improve fiscal policy process and budget transparency, the European Union (EU) stated more stringent fiscal rules monitored by Independent Fiscal Bodies, that have the capacity to “tie the hands” of policymakers tempted by deviations from socially optimal choices according to the academic circles.The present paper aims at empirically ...
Coletta, Giovanni +2 more
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On the Legitimacy of Fiscal Councils in the European Union: Trustees or Orchestrators of Fiscal Discipline? [PDF]
Journal of Contemporary European Research, 2019 This article distinguishes theoretically two conceptual models of a fiscal council – the trustee and the orchestrator model. The article reviews the arguments that prominent advocates of fiscal councils have put forth and finds that those who argue that the deficit bias is caused by the common pool problem prefer the trustee model, while others ...
TESCHE, Tobias, Tesche, T.
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Fiscal councils’ impact on promoting transparency and accountability in public finance management
Public Sector Economics, 2020 This paper addresses two main questions: (1) how far do the activities of fiscal councils in the EU countries help promote transparency and accountability in the management of public finances and (2) how could fiscal councils enhance the impact of those ...
Sanja Bach
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Capacity, voice and opportunity: advancing municipal engagement in Canadian federal relations
Commonwealth Journal of Local Governance, 2022 In Canada, municipalities are involved in an increasing number of policy areas, but they remain largely absent from the nation’s system of intergovernmental relations.
Tomas Hachard
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The Driving Factors of EMU Government Bond Yields: The Role of Debt, Liquidity and Fiscal Councils
International Journal of Financial Studies, 2020 This study presents empirical evidence about the determinants of long-term government bond yields for 19 economies of the European Monetary Union (EMU) over the period 1995–2018 within a multivariate panel framework.
Anastasios Pappas, Ioannis Kostakis
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IMF Working Papers, 2016 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 ...
Roel Beetsma, Xavier Debrun
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Measurement of Fiscal Council Independence in the Countries of the European Union
Problemy Zarządzania, 2016 Recent years have noted a strengthening of institutional solutions serving the improvement of budgetary standing in many countries. One such solution is the functioning of independent fiscal institutions, also known as fiscal councils.
Sławomir Franek
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Inkanyiso, 2020 Transparency is an essential tool of local governance which enables the local citizens to hold local institutions accountable for their performance, to foster trust in government, minimize corruption and improve local service delivery. Accountability and
Ambrose T. Kessy
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