Publication
Open Access

'The troika is dead, long live the domestic troikas?' : the diffusion of national fiscal councils in the European Union

Loading...
Thumbnail Image
License
Full-text via DOI
ISBN
ISSN
0021-9886; 1468-5965
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 common market studies, 2019, Vol. 57, No. 6, pp. 1211-1227
Cite
TESCHE, Tobias, ’The troika is dead, long live the domestic troikas?’ : the diffusion of national fiscal councils in the European Union, Journal of common market studies, 2019, Vol. 57, No. 6, pp. 1211-1227 - https://hdl.handle.net/1814/62884
Abstract
This article shows that the troika institutions - the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) - formed a technocratic consensus about the desirability of establishing national fiscal councils in the European Union (EU). Considerable disagreement existed, however, with regards to their design features. Each institution promoted a distinct mode of indirect governance by ranking national fiscal councils depending on their adopted governance model (agent, trustee or orchestrator). This persuasion through entrepreneurial benchmarking constitutes an important mechanism by which member states were nudged to adopt a distinct fiscal council model. Preference heterogeneity among the troika members ultimately prevented the spread of a one-size-fits-all fiscal council in the EU.
Table of Contents
Additional Information
Published: 16 May 2019
External Links
Publisher
Version
Research Projects
Sponsorship and Funder Information
Collections