The Impact of Fiscal Councils on Public Perception: A Survey Experiment in the Czech Republic

Morda Pavel (), Zeman Martin () and Klement Josef ()
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Morda Pavel: Prague University of Economics and Business, Faculty of Economics, Czech National Bank, Czech Republic
Zeman Martin: Prague University of Economics and Business, Faculty of Economics, Czech Republic
Klement Josef: Prague University of Economics and Business, Faculty of Economics, Czech Republic

Financial Internet Quarterly (formerly e-Finanse), 2024, vol. 20, issue 2, 77-88

Abstract: This study examines the influence of fiscal councils on public opinion regarding fiscal issues. Using a survey-framing experiment on a representative sample of 900 inhabitants of the Czech Republic, the study evaluates how the framing of a message regarding the negative effects of rising government debt would impact the attitudes of respondents. The results show that framing the message as coming from the Czech Fiscal Council does not increase its credibility. Fiscal councils should not focus on persuading the public of their viewpoint on public finance issues, but rather utilize the knowledge of agenda-setting theory to gain media attention for fiscal issues.

Keywords: Fiscal Policy; Fiscal Councils; State Budget; Government; Economic Policy (search for similar items in EconPapers)
JEL-codes: E61 E62 H31 H60 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:finiqu:v:20:y:2024:i:2:p:77-88:n:1006

DOI: 10.2478/fiqf-2024-0013

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