The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper...

Die mit großer Authenzität erzählte Geschichte vom Aufstieg und Niedergang der Investmentbank Lehman Brothers und ihrer Rettung durch das Weiße Haus, das Finanzministerium und die US-Notenbank gibt tiefe Einblicke in die internationale Finanzwirtschaft. (I. Müller-Boysen)

Prologue: "The hippopotamus under the rug" -- The most certain man in the world -- Triumph -- The stealth ideologue -- The rise of Rubinomics -- Larry and Joe -- Portrait of a contrarian -- Children of the boom -- The high tide of hubris -- The last guy at the Alamo -- Reaganites redux -- The...

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,...