The Swedish Experience of Fiscal Reform: Lessons for Portugal

Research output: Working paper/PreprintWorking paper


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.
Original languageEnglish
PublisherDepartment of Economics, Lund University
Number of pages45
Publication statusPublished - 2014

Publication series

NameWorking Paper / Department of Economics, School of Economics and Management, Lund Univesity

Subject classification (UKÄ)

  • Economics


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


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