Date: 2019
Type: Article
'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
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
Retrieved from Cadmus, EUI Research Repository
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.
Additional information:
Published: 16 May 2019
Cadmus permanent link: https://hdl.handle.net/1814/62884
Full-text via DOI: 10.1111/jcms.12880
ISSN: 0021-9886; 1468-5965
Publisher: Wiley
Succeeding version: http://hdl.handle.net/1814/62526
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