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The Impact of Fiscal Councils on Public Perception: A Survey Experiment in the Czech Republic

Author

Listed:
  • Morda Pavel

    (Prague University of Economics and Business, Faculty of Economics, Czech National Bank, Czech Republic)

  • Zeman Martin

    (Prague University of Economics and Business, Faculty of Economics, Czech Republic)

  • Klement Josef

    (Prague University of Economics and Business, Faculty of Economics, Czech Republic)

Abstract

This study examines the influence of fiscal councils on public opinion regarding fiscal issues. Using a survey-framing experiment on a representative sample of 900 inhabitants of the Czech Republic, the study evaluates how the framing of a message regarding the negative effects of rising government debt would impact the attitudes of respondents. The results show that framing the message as coming from the Czech Fiscal Council does not increase its credibility. Fiscal councils should not focus on persuading the public of their viewpoint on public finance issues, but rather utilize the knowledge of agenda-setting theory to gain media attention for fiscal issues.

Suggested Citation

  • Morda Pavel & Zeman Martin & Klement Josef, 2024. "The Impact of Fiscal Councils on Public Perception: A Survey Experiment in the Czech Republic," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 20(2), pages 77-88.
    • Handle: RePEc:vrs:finiqu:v:20:y:2024:i:2:p:77-88:n:1006
    DOI: 10.2478/fiqf-2024-0013
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    More about this item

    Keywords

    Fiscal Policy; Fiscal Councils; State Budget; Government; Economic Policy;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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