The Swedish Experience of Fiscal Reform: Lessons for Portugal
(2014) In Working Papers- 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:
https://lup.lub.lu.se/record/4585806
- author
- Jonung, Lars LU
- organization
- publishing date
- 2014
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- Fiscal rules, fiscal policy council, fiscal policy, public debt, Sweden, Portugal
- in
- Working Papers
- issue
- 2014:27
- pages
- 45 pages
- language
- English
- LU publication?
- yes
- id
- 995d0fad-10f6-4096-8f27-f04e0ebb09aa (old id 4585806)
- date added to LUP
- 2016-04-04 11:30:46
- date last changed
- 2024-10-14 15:08:28
@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}}, keywords = {{Fiscal rules; fiscal policy council; fiscal policy; public debt; Sweden; Portugal}}, language = {{eng}}, note = {{Working Paper}}, number = {{2014:27}}, series = {{Working Papers}}, title = {{The Swedish Experience of Fiscal Reform: Lessons for Portugal}}, url = {{https://lup.lub.lu.se/search/files/195210465/WP14_27.pdf}}, year = {{2014}}, }