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The Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...
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The paper describes the monetary and fiscal policy frameworks in Sweden and analyses how they were established as well … as current challenges. Sweden provides a good example of how deep economic crisis, in interaction with independent … frameworks. It remains to be seen whether it will be possible in Sweden to adapt the monetary and fiscal frameworks to changed …
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