IDEAS home Printed from https://ideas.repec.org/a/ksa/szemle/1957.html
   My bibliography  Save this article

Költségvetési tanácsok az EU-ban - ölebek, vérebek vagy őrkutyák?
[Fiscal councils in the EU: lapdogs, watchdogs or bloodhounds?]

Author

Listed:
  • Jankovics, László

Abstract

Az elmúlt évtized a független költségvetési intézmények robbanásszerű elterjedését hozta az egész világon. Ez az intézményépítési folyamat - amely az Európai Unióban jogszabályi előírások miatt különösen erőteljesen jelentkezett - összhangban áll azzal a gyakorlati és elméleti közgazdászok köreiben is erősödő megfontolással, amely a szabályalapú fiskális keretrendszerek alkalmazásában - a különféle számszerű korlátok mellett - egyre nagyobb szerepet szán a szakértői testületeknek is. A tanulmány először áttekinti a szakirodalmat - kiemelve a független költségvetési intézmények lehetséges szerepkörét -, majd ismerteti az EU-ban kialakult, meglehetősen heterogén intézményi kereteket. Ezek után az EU-tagállamok költségvetési tanácsainak főbb funkcióit veszi sorra, kiemelt figyelmet fordítva a többségében kötelező feladatokra. Végül összefoglalja a független intézmények tömeges működésével kapcsolatos első, részben a szerző saját számításait is felölelő tapasztalatokat. Az elemzés rávilágít, hogy a független költségvetési intézmények szerepe felértékelődőben van mind a közvélemény, mint a döntéshozók számára, amit tovább erősíthet a gazdaságpolitikai környezet jelenleg is érzékelhető kockázatosabbá válása.* Journal of Economic Literature (JEL) kód: E62, H61, H68.

Suggested Citation

  • Jankovics, László, 2021. "Költségvetési tanácsok az EU-ban - ölebek, vérebek vagy őrkutyák? [Fiscal councils in the EU: lapdogs, watchdogs or bloodhounds?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 251-281.
  • Handle: RePEc:ksa:szemle:1957
    DOI: 10.18414/KSZ.2021.3.251
    as

    Download full text from publisher

    File URL: http://www.kszemle.hu/tartalom/letoltes.php?id=1957
    Download Restriction: Registration and subscription. 3-month embargo period to non-subscribers.

    File URL: https://libkey.io/10.18414/KSZ.2021.3.251?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Beetsma, Roel & Debrun, Xavier, 2016. "Fiscal Councils: Rationale and Effectiveness," CEPR Discussion Papers 11140, C.E.P.R. Discussion Papers.
    2. Xavier Debrun & David Hauner & Manmohan S. Kumar, 2009. "Independent Fiscal Agencies," Journal of Economic Surveys, Wiley Blackwell, vol. 23(1), pages 44-81, February.
    3. Lars Jonung & Martin Larch, 2006. "Improving fiscal policy in the EU: the case for independent forecasts [‘Fiscal forecasting: The track record of the IMF, OECD and EC’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(47), pages 492-534.
    4. Beetsma, Roel & Debrun, Xavier & Fang, Xiangming & Kim, Young & Lledó, Victor & Mbaye, Samba & Zhang, Xiaoxiao, 2019. "Independent fiscal councils: Recent trends and performance," European Journal of Political Economy, Elsevier, vol. 57(C), pages 53-69.
    5. George Kopits, 2011. "Independent Fiscal Institutions: Developing Good Practices," OECD Journal on Budgeting, OECD Publishing, vol. 11(3), pages 1-18.
    6. Wyplosz, Charles, 2005. "Fiscal Policy: Institutions versus Rules," National Institute Economic Review, National Institute of Economic and Social Research, vol. 191, pages 64-78, January.
    7. László Jankovics & Monika Sherwood, 2017. "Independent Fiscal Institutions in the EU Member States: The Early Years," European Economy - Discussion Papers 067, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    8. Alesina, A. & Passalacqua, A., 2016. "The Political Economy of Government Debt," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2599-2651, Elsevier.
    9. Nerlich, Carolin & Reuter, Wolf Heinrich, 2013. "The design of national fiscal frameworks and their budgetary impact," Working Paper Series 1588, European Central Bank.
    10. Maria Demertzis & Guntram B. Wolff, . "Braver, greener, fairer- Memos to the EU leadership 2019-2024," Books, Bruegel, number 31934.
    11. Mr. Anthony M Annett, 2006. "Enforcement and the Stability and Growth Pact: How Fiscal Policy Did and Did Not Change Under Europe’s Fiscal Framework," IMF Working Papers 2006/116, International Monetary Fund.
    12. Debrun, Xavier & Jonung, Lars, 2019. "Under threat: Rules-based fiscal policy and how to preserve it," European Journal of Political Economy, Elsevier, vol. 57(C), pages 142-157.
    13. Bethlendi, András & Lentner, Csaba & Póra, András, 2020. "Független költségvetési intézmények fejlődése a 2008-as válság után [Development of independent fiscal institutions since the crisis of 2008]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 787-808.
    14. Xavier Debrun & Tidiane Kinda, 2017. "Strengthening Post‐Crisis Fiscal Credibility: Fiscal Councils on the Rise – A New Dataset," Fiscal Studies, Institute for Fiscal Studies, vol. 38, pages 667-700, December.
    15. Michal Horvath, 2018. "EU Independent Fiscal Institutions: An Assessment of Potential Effectiveness," Journal of Common Market Studies, Wiley Blackwell, vol. 56(3), pages 504-519, April.
    16. Calmfors, Lars, 2015. "The Roles of Fiscal Rules, Fiscal Councils and Fiscal Union in EU Integration," Working Paper Series 1076, Research Institute of Industrial Economics.
    17. Martin Larch & Thomas Braendle, 2018. "Independent Fiscal Councils: Neglected Siblings of Independent Central Banks? An EU Perspective," Journal of Common Market Studies, Wiley Blackwell, vol. 56(2), pages 267-283, March.
    18. Robert Hagemann, 2011. "How Can Fiscal Councils Strengthen Fiscal Performance?," OECD Journal: Economic Studies, OECD Publishing, vol. 2011(1), pages 1-24.
    19. Alessandro Turrini, 2008. "Fiscal policy and the cycle in the Euro Area: The role of government revenue and expenditure," European Economy - Economic Papers 2008 - 2015 323, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brändle, Thomas & Elsener, Marc, 2023. "Do fiscal rules matter? A survey on recent evidence," Working papers 2023/07, Faculty of Business and Economics - University of Basel.
    2. Patrícia Martins & Leonida Correia, 2021. "Fiscal institutions: different classifications and their effectiveness," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 159-190, March.
    3. Căpraru, Bogdan & Georgescu, George & Sprincean, Nicu, 2022. "Do independent fiscal institutions cause better fiscal outcomes in the European Union?," Economic Systems, Elsevier, vol. 46(2).
    4. Julia del Amo Valor & Marcos Martín Mateos & Diego Martínez López & Javier J. Pérez, 2023. "Is the European economic governance framework too “complex”? A critical discussion," Working Papers 2023-06, FEDEA.
    5. Falilou Fall & Debra Bloch & Jean-Marc Fournier & Peter Hoeller, 2015. "Prudent debt targets and fiscal frameworks," OECD Economic Policy Papers 15, OECD Publishing.
    6. Capraru, Bogdan & Georgescu, George & Sprincean, Nicu, 2020. "An evaluation of IFIs impact on EU countries budget deficits," Working Papers of Romania Fiscal Council 201101, Romania Fiscal Council.
    7. Bartłomiej Wiczewski, 2020. "Budget System in Poland: Challenges and Ongoing Reforms," European Economy - Economic Briefs 060, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    8. Debrun, Xavier & Jonung, Lars, 2019. "Under threat: Rules-based fiscal policy and how to preserve it," European Journal of Political Economy, Elsevier, vol. 57(C), pages 142-157.
    9. Calmfors, Lars, 2015. "The Roles of Fiscal Rules, Fiscal Councils and Fiscal Union in EU Integration," Working Paper Series 1076, Research Institute of Industrial Economics.
    10. European Fiscal Board (EFB), 2020. "2020 annual report of the European Fiscal Board," Annual reports 2020, European Fiscal Board.
    11. Cristina Fasone, 2021. "Do Independent Fiscal Institutions Enhance Parliamentary Accountability in the Eurozone?," Politics and Governance, Cogitatio Press, vol. 9(3), pages 135-144.
    12. Asatryan, Zareh & Debrun, Xavier & Heinemann, Friedrich & Horvath, Michal & Ódor, Ľudovít & Yeter, Mustafa, 2017. "Making the most of the European Fiscal Board," ZEW policy briefs 3/2017, ZEW - Leibniz Centre for European Economic Research.
    13. Robert Hagemann, 2011. "How Can Fiscal Councils Strengthen Fiscal Performance?," OECD Journal: Economic Studies, OECD Publishing, vol. 2011(1), pages 1-24.
    14. Cronin, David & McInerney, Niall, 2023. "Official fiscal forecasts in EU member states under the European Semester and Fiscal Compact – An empirical assessment," European Journal of Political Economy, Elsevier, vol. 76(C).
    15. Slawomir Franek & Marta Postula, 2020. "Does Eurozone Membership Strengthen the Significance of Fiscal Instruments?," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 131-151, May.
    16. Debrun, Xavier, 2019. "Independent Fiscal Institutions in the European Union: Is Coordination Required?," MPRA Paper 93143, University Library of Munich, Germany.
    17. Mihaela Onofrei & Tudorel Toader & Anca Florentina Vatamanu & Florin Oprea, 2021. "Impact of Governments’ Fiscal Behaviors on Public Finance Sustainability: A Comparative Study," Sustainability, MDPI, vol. 13(7), pages 1-16, March.
    18. Cronin, David & McQuinn, Kieran, 2021. "Are official forecasts of output growth in the EU still biased?," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 337-349.
    19. Asatryan, Zareh & Castellón, César & Stratmann, Thomas, 2018. "Balanced budget rules and fiscal outcomes: Evidence from historical constitutions," Journal of Public Economics, Elsevier, vol. 167(C), pages 105-119.
    20. Gorčák Martin & Šaroch Stanislav, 2021. "Impact of fiscal institutions on public finances in the European Union: Review of evidence in the empirical literature," Review of Economic Perspectives, Sciendo, vol. 21(2), pages 215-232, June.

    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksa:szemle:1957. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Odon Sok (email available below). General contact details of provider: http://www.kszemle.hu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.