How is the Irish Fiscal Advisory Council Performing? An Independent Evaluation of the First Years of IFAC

Lars Jonung (), Iain Begg () and Michael G. Tutty ()
Additional contact information
Iain Begg: European Institute, London School of Economics and Political Science
Michael G. Tutty: Irish Fiscal Advisory Council

No 2016:3, Working Papers from Lund University, Department of Economics

Abstract: This paper presents an independent evaluation of the Irish Fiscal Advisory Council (IFAC) carried out in 2015. IFAC was set up as an independent fiscal institution in 2011 to monitor the fiscal policy of the Irish government. Similar fiscal “watchdogs” have emerged across Europe following the crisis in the euro area. This report presents conclusions and recommendations concerning the performance of IFAC. The focus is on five main issues: the mandate, the financial and human resources, the output, the impact (communication strategy) of IFAC and the relationship between the EU fiscal framework and the Irish framework. A general conclusion is that IFAC has, so far, served the Irish fiscal policy process well. With Ireland having exited its macroeconomic adjustment programme and a return to economic health, IFAC now faces new challenges in keeping Ireland on a sustainable fiscal path.

Keywords: Ireland; fiscal policy council; independent fiscal agency; fiscal stabilization; fiscal rules and fiscal crisis (search for similar items in EconPapers)
JEL-codes: E62 E63 E65 F42 F45 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2016-02-08
New Economics Papers: this item is included in nep-eec and nep-mac
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://lucris.lub.lu.se/ws/portalfiles/portal/194593003/WP16_3 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:lunewp:2016_003

Access Statistics for this paper

More papers in Working Papers from Lund University, Department of Economics School of Economics and Management, Box 7080, S-22007 Lund, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Iker Arregui Alegria ().