Fiskalni sirenski zov
Fiscal Siren Call

Summary/Abstract: The paper looks into the idea of fiscal councils. Why do they exists and what purpose do they serve? Their major purpose is to bring fiscal policy closer to the ideal of policy based on rules rather than on voluntary discretion. Governmet and opposition should accept a nonpolitical body that will control the execution of fiscal policy. Fiscal councils are , therefore, a kind of self-constraining institutions that is similar to the protection of the song of the sirens.

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