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Lars Jonung. Foto.

Lars Jonung

Professor emeritus

Lars Jonung. Foto.

The Swedish Experience of Fiscal Reform: Lessons for Portugal

Författare

  • Lars Jonung

Summary, in English

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.

Avdelning/ar

  • Nationalekonomiska institutionen

Publiceringsår

2014

Språk

Engelska

Publikation/Tidskrift/Serie

Working Paper / Department of Economics, School of Economics and Management, Lund Univesity

Volym

27

Dokumenttyp

Working paper

Förlag

Department of Economics, Lund University

Ämne

  • Economics

Nyckelord

  • Fiscal rules
  • fiscal policy council
  • fiscal policy
  • public debt
  • Sweden
  • Portugal

Status

Published