Independent fiscal institutions: A typology of OECD institutions and a roadmap for Latin America

Aida Caldera Sánchez, Paula Garda, Alberto González Pandiella, Alessandro Maravalle, Diego Rodriguez and Elena Vidal

No 1789, OECD Economics Department Working Papers from OECD Publishing

Abstract: The paper reviews the diverse experience of OECD countries in establishing and running independent fiscal institutions, offering insights that could be useful for Latin American countries seeking to set-up and strengthen those institutions in the region. Through cluster analysis, we identify different types of OECD independent fiscal institutions and draw practical lessons from cases studies. We also identify key features that could serve as a road map for Latin American countries in their efforts to establish or enhance independent fiscal institutions.

Keywords: Fiscal Councils; Fiscal forecasts; Fiscal rule compliance; Independent fiscal institutions (search for similar items in EconPapers)
JEL-codes: E61 E62 H1 H6 (search for similar items in EconPapers)
Date: 2024-01-31
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1789-en

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