Publication
Open Access

On the legitimacy of fiscal councils in the European Union : trustees or orchestrators of fiscal discipline?

Loading...
Thumbnail Image
Files
License
Creative Commons CC BY-NC-ND 4.0
Full-text via DOI
ISBN
ISSN
1815-347X; 1815-347X
Issue Date
Type of Publication
Keyword(s)
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Preceding version
Published version part
Earlier different version
Initial format
Citation
Journal of contemporary European research, Vol. 15, No. 1, pp. 21-35
Cite
TESCHE, Tobias, On the legitimacy of fiscal councils in the European Union : trustees or orchestrators of fiscal discipline?, Journal of contemporary European research, Vol. 15, No. 1, pp. 21-35 - https://hdl.handle.net/1814/61568
Abstract
This article distinguishes theoretically two conceptual models of a fiscal council – the trustee and the orchestrator model. The article reviews the arguments that prominent advocates of fiscal councils have put forth and finds that those who argue that the deficit bias is caused by the common pool problem prefer the trustee model, while others identifying asymmetric information as the root cause of the deficit bias prefer the orchestrator model. While the latter model relies on throughput legitimacy, the former relies on output legitimacy. The article concludes with a discussion about fiscal councils’ contribution towards strengthening EMU.
Table of Contents
Additional Information
Published: 28 February 2019
External Links
Publisher
Version
Research Projects
Sponsorship and Funder Information
Collections