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The Swedish Experience of Fiscal Reform: Lessons for Portugal

Jonung, Lars LU (2014) In Working Paper / Department of Economics, School of Economics and Management, Lund Univesity 27.
Abstract
This paper derives a set of policy lessons for Portugal from the new fiscal framework including a fiscal policy council that gradually emerged in Sweden after the deep economic crisis of the early 1990s. By now, Swedish public finances stand out among the strongest in Europe. Recent Swedish macroeconomic performance has been impressive. As Sweden and Portugal are small open economies in the periphery of Europe, Sweden may serve as a fiscal model for Portugal. Policy lessons are distilled from the Swedish experience for Portugal, stressing the importance of the economic policy culture for macroeconomic outcomes and for trust in government institutions and policies.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Working Paper
publication status
published
subject
keywords
Fiscal rules, fiscal policy council, fiscal policy, public debt, Sweden, Portugal
in
Working Paper / Department of Economics, School of Economics and Management, Lund Univesity
volume
27
pages
45 pages
publisher
Department of Economics, Lund Universtiy
language
English
LU publication?
yes
id
995d0fad-10f6-4096-8f27-f04e0ebb09aa (old id 4585806)
alternative location
http://project.nek.lu.se/publications/workpap/papers/wp14_27.pdf
date added to LUP
2014-08-08 11:30:00
date last changed
2016-04-16 09:19:57
@misc{995d0fad-10f6-4096-8f27-f04e0ebb09aa,
  abstract     = {This paper derives a set of policy lessons for Portugal from the new fiscal framework including a fiscal policy council that gradually emerged in Sweden after the deep economic crisis of the early 1990s. By now, Swedish public finances stand out among the strongest in Europe. Recent Swedish macroeconomic performance has been impressive. As Sweden and Portugal are small open economies in the periphery of Europe, Sweden may serve as a fiscal model for Portugal. Policy lessons are distilled from the Swedish experience for Portugal, stressing the importance of the economic policy culture for macroeconomic outcomes and for trust in government institutions and policies.},
  author       = {Jonung, Lars},
  keyword      = {Fiscal rules,fiscal policy council,fiscal policy,public debt,Sweden,Portugal},
  language     = {eng},
  pages        = {45},
  publisher    = {ARRAY(0xb0ba508)},
  series       = {Working Paper / Department of Economics, School of Economics and Management, Lund Univesity},
  title        = {The Swedish Experience of Fiscal Reform: Lessons for Portugal},
  volume       = {27},
  year         = {2014},
}