Fiscal Council Dataset
Fiscal councils are independent public institutions aimed at strengthening commitments to sustainable public finances through various functions, including public assessments of fiscal plans and performance, and the evaluation or provision of macroeconomic and budgetary forecasts.
The IMF Fiscal Council Dataset describes key features of 29 institutions identified as fiscal councils (as of end-January 2013) across the IMF membership. The dataset includes general information such as the name and acronym of the council and its date of creation, the main features of the council's remit, their specific tasks and instruments to influence the conduct of fiscal policy as well as key institutional characteristics such as the existence of formal guarantees of independence, accountability requirements, and human resources.
The IMF Working Paper "Strengthening Post-Crisis Fiscal Credibility—Fiscal Councils on the Rise. A New Dataset" by Xavier Debrun and Tidiane Kinda (2014)" provides the list and definition of variables included in the Fiscal Council Dataset. It also describes the variety of sources used to assemble the data.
Use of the data and products from this webpage requires the following two citations: X. Debrun and T. Kinda, 2014, "Strengthening Post-Crisis Fiscal Credibility—Fiscal Councils on the Rise. A New Dataset" IMF Working Paper, 14/58 as well as, X. Debrun, T. Kinda, T. Curristine, L. Eyraud, J. Harris, J. Seiwald, 2013, "The Functions and Impact of Fiscal Councils," IMF Policy Paper; July 16, 2013, International Monetary Fund, Washington, DC. This is an ongoing project and we welcome comments on the data, including suggestions to enhance coverage to email@example.com and firstname.lastname@example.org