Fundamental documents about Councils

Here are links to publications about Fiscal Councils, their merits, potential contributions and the experience with them. Deeper insight into Fiscal Councils is provided by website of proffessor Simon Wren-Lewis from the University of Oxford.

  1. Ayuso-i-Casals, J., Deroose, S., Flores, E., and Moulin, L. (eds) (2007), "The role of fiscal rules and institutions in shaping budgetary outcomes", European Economy Economic Papers 275, April.
  2. Calmfors, L. (2010), “The Swedish Fiscal Policy Council – Experiences and Lessons”, Mimeo.
  3. Calmfors, L. (2011), “The Role of Independent Fiscal Policy Institutions”, CESifo Working Paper Series No. 3367. 
  4. Calmfors, L. and Wren-Lewis, S. (2011), “What should fiscal councils do?”, Economic Policy, 26, 649-695.
  5. Debrun, X. (2011), Democratic Accountability, Deficit Bias, and Independent Fiscal Agencies,” IMF Working Papers 11/173, International Monetary Fund.
  6. Debrun, X., Hauner, D., and  Kumar, M. (2009), “Independent Fiscal Agencies”, Journal of Economic Surveys 23(1): 44-81, February.
  7. Hagemann, R. (2011), “How Can Fiscal Councils Strengthen Fiscal Performance?”, OECD Journal: Economic Studies, Vol. 2011/1.
  8. von Hagen, J. (2002), Fiscal Rules, Fiscal Institutions, and Fiscal Performance”, The Economic and Social Review, 33 (3), Winter, 263-284.
  9. von Hagen, J. and Harden, I. (1995) "Budget Processes and Commitment to Fiscal Discipline", European Economic Review 39(3): 771-779.
  10. Kopits, G. and Symansky, S. (1998), “Fiscal Policy Rules”, IMF Occasional Paper No. 162, International Monetary Fund.
  11. Leith, C. and Wren-Lewis, S. (2006), “Fiscal Stabilisation Policy and Fiscal Institutions”, Oxford Review of Economic Policy, 21, 584-597.
  12. OECD (2012), “Draft Principles for Independent Fiscal Institutions”, Paris.
  13. Wyplosz, C. (2005) “Fiscal Policy: Institutions versus Rules”, National Institute Economic Review, 191, 70-85