Do Fiscal Councils Impact Fiscal Performance
Download and Read Do Fiscal Councils Impact Fiscal Performance full books in PDF, ePUB, and Kindle. Read online free Do Fiscal Councils Impact Fiscal Performance ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
The Functions and Impact of Fiscal Councils
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 63 |
Release | : 2013-07-16 |
Genre | : Business & Economics |
ISBN | : 1498341497 |
Download The Functions and Impact of Fiscal Councils Book in PDF, Epub and Kindle
In recent years, a rapidly growing number of countries have established independent agencies aimed at promoting sound fiscal policies. Although these institutions vary greatly in terms of their remit, tasks, and institutional forms, they tend to share an explicit mandate enshrined in legislation, a “watchdog” role implying a direct contribution to the public debate on fiscal policy, and strict non-partisanship in their activities. Importantly, fiscal councils do not have the discretion to set policy instruments. Unlike independent central banks in the monetary policy area, they are only facilitators of sound fiscal public finances, not decision makers deliberately insulated from politics. Earlier IMF staff analysis of non-partisan fiscal agencies (IMF, 2005, expanded by Debrun, Hauner and Kumar, 2009) referred to the generic term of “fiscal council” to designate these institutions. A handful of similar bodies have been in place for a long time—mostly in advanced economies.
The Functions and Impact of Fiscal Councils Related Books
Pages: 63
Pages: 35
Pages: 28
Pages: 26
Pages: 35