The Swedish Experience of Fiscal Reform: Lessons for Portugal

Lars Jonung ()

No 2014:27, Working Papers from Lund University, Department of Economics

Abstract: 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.

Keywords: Fiscal rules; fiscal policy council; fiscal policy; public debt; Sweden; Portugal. (search for similar items in EconPapers)
JEL-codes: E52 E62 E63 E65 F44 H62 O52 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2014-08-07
New Economics Papers: this item is included in nep-eec, nep-mac, nep-pbe and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lunewp:2014_027

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