The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here: https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

Lars Jonung. Photo.

Lars Jonung

Professor emeritus

Lars Jonung. Photo.

The Swedish Experience of Fiscal Reform: Lessons for Portugal

Author

  • Lars Jonung

Summary, in English

This paper derives a set of policy lessons for Portugal from the new fiscal framework including a fiscal policy council that gradually emerged in Sweden after the deep economic crisis of the early 1990s. By now, Swedish public finances stand out among the strongest in Europe. Recent Swedish macroeconomic performance has been impressive. As Sweden and Portugal are small open economies in the periphery of Europe, Sweden may serve as a fiscal model for Portugal. Policy lessons are distilled from the Swedish experience for Portugal, stressing the importance of the economic policy culture for macroeconomic outcomes and for trust in government institutions and policies.

Department/s

  • Department of Economics

Publishing year

2014

Language

English

Publication/Series

Working Papers

Issue

2014:27

Document type

Working paper

Topic

  • Economics

Keywords

  • Fiscal rules
  • fiscal policy council
  • fiscal policy
  • public debt
  • Sweden
  • Portugal

Status

Published