A minimalist approach to fiscal oversight by George Kopits published by VoxEU (24/2013). “Germany’s newly established Advisory Country – tasked with monitoring compliance with the constitutionally mandated balanced budget rule – lacks the analytical capacity and independence of its counterparts in the UK, the US, and the Netherlands. It is perhaps by virtue of the current government’s record of fiscal responsibility that a more comprehensive watchdog is not urgently needed, bud the newly formed coalition should not miss the opportunity to establish comprehensive fiscal and banking oversight.”
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