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Principles for independent fiscal institutions and case studies

Author

Listed:
  • Lisa von Trapp
  • Ian Lienert
  • Joachim Wehner

Abstract

Independent fiscal institutions serve to promote sound fiscal policy and sustainable public finances. Today IFIs are considered among the most important innovations in the emerging architecture of public financial management. Within the OECD area, their number has more than tripled and is expected to continue to rise. This publication provides a unique set of in depth case studies of IFIs in 18 OECD member countries in light of many of the good practices for effective IFIs identified in the OECD Recommendation on Principles for Independent Fiscal Institutions.

Suggested Citation

  • Lisa von Trapp & Ian Lienert & Joachim Wehner, 2016. "Principles for independent fiscal institutions and case studies," OECD Journal on Budgeting, OECD Publishing, vol. 15(2), pages 9-24.
    • Handle: RePEc:oec:govkaa:5jm2795tv625
    DOI: 10.1787/budget-15-5jm2795tv625
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    Citations

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    Cited by:

    1. Beetsma, Roel & Debrun, Xavier & Fang, Xiangming & Kim, Young & Lledó, Victor & Mbaye, Samba & Zhang, Xiaoxiao, 2019. "Independent fiscal councils: Recent trends and performance," European Journal of Political Economy, Elsevier, vol. 57(C), pages 53-69.
    2. Bofinger, Peter & Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Wieland, Volker, 2018. "Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19 [Setting the Right Course for Economic Policy. Annual Report 2018/19]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201819.
    3. Brändle, Thomas & Elsener, Marc, 2023. "Do fiscal rules matter? A survey on recent evidence," Working papers 2023/07, Faculty of Business and Economics - University of Basel.
    4. Randall S. Jones & Haruki Seitani, 2019. "Meeting fiscal challenges in Japan’s rapidly ageing society," OECD Economics Department Working Papers 1569, OECD Publishing.
    5. Thomas Greve & Hans Keiding, 2023. "A model of privately funded public research," Journal of Economics, Springer, vol. 140(1), pages 63-91, September.
    6. European Fiscal Board (EFB), 2019. "2019 annual report of the European Fiscal Board," Annual reports 2019, European Fiscal Board.
    7. Sónia Araújo & Stéphanie Guichard, 2018. "Costa Rica: Restoring fiscal sustainability and setting the basis for a more growth-friendly and inclusive fiscal policy," OECD Economics Department Working Papers 1484, OECD Publishing.
    8. Patrícia Martins & Leonida Correia, 2021. "Fiscal institutions: different classifications and their effectiveness," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 159-190, March.

    More about this item

    Keywords

    Parliamentary Budget Office(s); financial management; fiscal councils; fiscal policy; independent fiscal institutions; public finances; transparency; legislature;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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