The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...

The swift and thorough privatization of eastern Germany did not emanate solely from the West German Federal Republic. This book explores actors from abroad – mainly from western Europe – in four functions: as investors, as advisors and capital providers, and as co-decisionmakers on...