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The global surge in independent fiscal councils (IFCs) raises three related questions: How can IFCs improve the conduct of fiscal policy? Are they simultaneously desirable for voters and elected policymakers? And are they resilient to changes in political conditions? We build a model in which...
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We develop a new measure of relative debt transparency by comparing the amount of state debt reported in the annual …
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We construct comprehensive public sector balance sheets for Finland for 2000-2016 by complementing general government … statistics with data on public corporations and pensions. These static balance sheets show that Finland's public sector net worth … suggest that Finland's public finances will remain sound if ongoing reform efforts to address aging pressures yield their …
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