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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,...
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Eurozone countries today) and two - Finland and Sweden - after floating the currency.All four episodes were associated with an … occurred because the sterling coincidentally appreciated. In Finland and Sweden the currency experienced an extremely large …
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- Finland and Sweden - after floating the currency. All four fiscal episodes were associated with an expansion; but only in … sterling coincidentally appreciated. In Finland and Sweden the currency experienced an extremely large depreciation after … wage negotiation process. In Finland and Sweden, the adoption of inflation targeting at the same time of the consolidation …
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