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,...

Extensive research demonstrates that war casualties depress incumbent popularity. The present study argues that analyses of the political costs of warfare should also account for the financial toll of wars since a) financial costs of wars are substantial, b) these costs are publicly observed and...