Lars Jonung
Professor emeritus
The Swedish Experience of Fiscal Reform: Lessons for Portugal
Författare
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
Länkar
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