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- W2132986803 abstract "Charles Wyplosz has written a very fine survey of the discussion around fiscal policy councils: the potential fiscal problems they should help to alleviate, various ways of setting up such councils and whether they can both work and be loved. I have developed my general views on fiscal policy councils elsewhere and I shall not repeat them here.1 Instead, I shall focus my comments on the newly established Swedish Fiscal Policy Council and how its construction is related to the general discussion about such councils. The existing academic proposals on fiscal policy councils can be classified into three main categories: • A hard option where such a council takes on a direct decisionmaking role regarding budget outcomes. • A soft version where such a council gives the government authoritative recommendations on future policy. • An even softer version, according to which the government should be obliged to base its budget proposal on forecasts made by an independent committee in order to avoid an optimism bias in forecasts which could be used to justify lax budgetary policy.2" @default.
- W2132986803 created "2016-06-24" @default.
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- W2132986803 date "2007-01-01" @default.
- W2132986803 modified "2023-09-26" @default.
- W2132986803 title "Comment on Charles Wyplosz: Fiscal policy councils—unlovable or just unloved?" @default.
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