 | Independent Fiscal Councils: Recent Trends and Performance Author/Editor: Roel M W J Beetsma, Xavier Debrun, Xiangming Fang, Young Kim, Victor Duarte Lledo, Samba Mbaye, Xiaoxiao Zhang. Release Date:March, 2018 Countries increasingly rely on independent fiscal councils to constrain policymakers’ discretion and
curb the bias towards excessive deficits and pro-cyclical policies. Since fiscal councils more...
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| The Political Economy of Fiscal Transparency and Independent Fiscal Councils Author/Editor: Roel M W J Beetsma, Xavier Debrun, Randolph Sloof. Release Date:September, 2017 The global surge in independent fiscal councils (IFCs) raises three related questions: How can IFCs improve the conduct of fiscal policy? Are they simultaneously desirable for voters and elected more...
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| Fiscal Councils : Rationale and Effectiveness Author/Editor: Roel M W J Beetsma, Xavier Debrun. Release Date:April, 2016 The paper discusses the effectiveness of independent fiscal institutions—or fiscal councils—in
taming the deficit bias that emerged in the 1970s. After a review of the main more...
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| Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter? Author/Editor: Jean-Louis Combes, Xavier Debrun, Alexandru Minea, Rene Tapsoba. Release Date:May, 2014 The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. more...
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| Strengthening Post-Crisis Fiscal Credibility: Fiscal Councils on the Rise A New Dataset Author/Editor: Xavier Debrun, Tidiane Kinda. Release Date:April, 2014 Institutions aimed at constraining policy discretion to promote sound fiscal policies are once again at the forefront of the policy debate. Interest in “fiscal councils,” independent watchdogs more...
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| That Squeezing Feeling: The Interest Burden and Public Debt Stabilization Author/Editor: Xavier Debrun, Tidiane Kinda. Release Date:May, 2013 The paper explores the extent to which the pressure of debt service on other spending items may push governments to embark on fiscal consolidation beyond what is strictly necessary to secure more...
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 | Building a Common Future in Southern Africa Release Date:April, 2013 The Southern African Customs Union (SACU) is the oldest customs union in the world, with significant opportunities ahead for creating higher economic growth and increased welfare benefits to the more...
| Price: $30.00
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 | Welfare Effects of Monetary Integration: the Common Monetary Area and Beyond Author/Editor: Tamon Asonuma, Xavier Debrun, Paul R. Masson. Release Date:May, 2012 This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) more...
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| Democratic Accountability, Deficit Bias, and Independent Fiscal Agencies Author/Editor: Xavier Debrun. Release Date:July, 2011 Despite growing interest among policymakers, there is no theory of independent fiscal institutions. The emerging literature on fiscal councils typically makes informal parallels with the theory of more...
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| Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa Author/Editor: Xavier Debrun, Catherine A Pattillo, Paul R Masson. Release Date:July, 2010 This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more more...
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