Bos, Frits and Teulings, Coen (2011): Evaluating election platforms: a task for fiscal councils? Scope and rules of the game in view of 25 years of Dutch practice.
Download (235Kb) | Preview
In some countries - the Netherlands, UK and USA - the expected economic implications of election platforms of political parties are evaluated by independent economic institutions prior to the election. This paper analyzes the merits and limitations of this process, taking 25 years of Dutch experience as a point of reference. In particular in times of financial crisis and unsustainable public finance, evaluation of election platforms can serve as a disciplining device for unrealistic or (time) inconsistent promises by politicians. More in general, it can help political parties to credibly inform voters about the implications of their platforms, to design more efficient policies and to reach consensus on them. It can also create a level playing field for political parties not represented in the government, in particular those with limited resources for economic information and expertise. However, there may be adverse effects, in particular when trade-offs are presented in an unbalanced way or when the rules of the evaluation provide too much room for gaming and free lunches.
|Item Type:||MPRA Paper|
|Original Title:||Evaluating election platforms: a task for fiscal councils? Scope and rules of the game in view of 25 years of Dutch practice|
|Keywords:||Evaluation of election platforms, Fiscal watchdogs|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E62 - Fiscal Policy
E - Macroeconomics and Monetary Economics > E0 - General > E02 - Institutions and the Macroeconomy
D - Microeconomics > D7 - Analysis of Collective Decision-Making > D70 - General
H - Public Economics > H0 - General
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics; Role of Economists; Market for Economists
|Depositing User:||Frits Bos|
|Date Deposited:||14. Jun 2011 13:35|
|Last Modified:||19. Feb 2013 04:52|
Acemoglu, D., 2003, Why Not A Political Coase Theorem? Social Conflict, Commitment, And Politics, Journal of Comparative Economics, Volume 31 (4, Dec), pp. 620-652.
Bos, F., 2008, The Dutch Fiscal Framework; History, Current Practice and the Role of CPB, OECD Journal on Budgeting, pp. 1-48. Also published as CPB Document 150.
Bos, F. and C. Teulings, 2010, CPB and Dutch Fiscal Policy in View of the Financial Crisis and Ageing, CPB Document 218; an earlier version was presented at the Conference on Independent Fiscal Institutions, Budapest, March 18-19, 2010.
Butter, F.A.G., den, 2003, An Economic Perspective [on Analysing Election platforms], in Graafland and Ros, pp. 33-44.
Butter, F.A.G. den and M.S. Morgan (eds.), 2000, Empirical Models and Policy Making: Interaction and Institutions, Routledge, London.
Calmfors, L., 2011, The role of independent fiscal policy institutions, CESIfo Working paper No 3367. Also published as Report of the Swedish Fiscal Policy Council 2010/9.
Calmfors, L. and S. Wren-Lewis, 2011, What should fiscal councils do?, CESIfo Working paper No 3382.
CPB, 2006, Charting choices 2008-2011; economic effects of eight election platforms, CPB Document 139.
CPB, 2010a, Focusing on quality; report from the CPB Review Committee 2010 (M.F. Hellwig, T.M. Andersen, R.W. Boadway, J. Elmeskov, R. Griffith and S. van Wijnbergen).
CPB, 2010b, Keuzes in kaart 2011-2015; effecten van negen verkiezingsprogramma’s op economie en milieu (‘Charting choices 2011-2015; nine election plans and their effects for the national economy and the environment”), joint publication with Planning bureau for the Environment.
CPB, 2010c, Economische Verkenning 2011-2015, CPB Document 203.
Di Tella, R., R.J. MacCulloch and A.J. Oswald, 2001, Preferences over inflation and unemployment: evidence from surveys of happiness, The American Economic Review, Vol 91 (1), pp. 335-341.
Di Tella, R., R.J. MacCulloch and A.J. Oswald, 2003, The macro economics of happiness, The Review of Economics and Statistics, vol 85 (4), pp. 809-827.
Dobbelsteen, S., Levin, J. and H. Oosterbeek, 2002, The causal effect of class size on scholastic achievement: Distinguishing the pure class size effect from the effect of changes in class composition, Oxford Bulletin of Economics and Statistics, 64, pp. 17-38.
Don, F.J.H., 2003, Economic Analysis of Election Programmes: What, How, and Why?, in Graafland and Ros, pp. 21-30.
Don, F.J.H. and J. Verbruggen, 2006, Models and methods for economic policy; 60 years of evolution at CPB, Statistica Neerlandica. Also published as CPB Document. Donders, J.H.M. and J.J. Graafland, 2000, CPB models and employment policy in the Netherlands, Chapter 2, pp. 10-25, in Butter and Morgan (eds.), 2000.
Draper, D.A.G. and A.M. Armstrong (eds.), 2007, GAMMA, a Simulation Model for Ageing, Pensions and Public Finances, CPB Document 147. Folmer, K., 2009, Why do macro wage elasticities diverge; a meta-analysis, CPB Memorandum 224.
Gelauff G.M.M. en J.J. Graafland, 1994, Modeling welfare state reform, MIMICing tax policies and the labour market, Amsterdam: Elsevier.
Graafland, J.J. and A.P. Ros (eds.), 2003, Economic Assessment of Election Programmes: Does it Make Sense?, Kluwer Academic Publishers, Dordrecht/Boston.
Haffner, R.C.G. and P.A.G. van Bergeijk, 1994, The economic consequences of Dutch politics, De Economist Vol. 142, nr. 4, pp. 497-505.
Hagemann, R., 2010, Improving Fiscal Performance Through Fiscal Councils, OECD Economics Department, Working Papers no. 829.
Hanushek, E.A, and L. Woessmann, 2010, How much do educational outcomes matter in OECD countries?, NBER Working Papers 16515.
Hines jr, J.R., 1999, Three sides of Harberger triangles, Journal of Economic Perspectives, Vol. 3, issue 2, pp. 167-188.
Horst, A. van der, L. Bettendorf, N. Draper, C. van Ewijk, R. de Mooij en H. ter Rele, 2010, Vergrijzing verdeeld; toekomst van de Nederlandse overheidsfinanciën [Ageing and distribution; the future of Dutch public finance], CPB Special Publication 86.
Jonung, L. and M. Larch, 2004, Improving fiscal policy in the EU: the case for independent forecasts, European Commission, Economic Papers no. 210.
Kahneman, D., 2003, A psychological perspective on economics, American Economic Review, Vol. 93, No. 2, pp. 162-168.
Lecq, F. van der, 2003, Calculated choices: Who profits?, in Graafland and Ros (2003), pp. 83-96.
Liedekerke, L. van, 2003, The views of the political parties, in Graafland and Ros (2003), pp. 137-144.
Ljungman, G., 2009, Top-Down Budgeting—An Instrument to Strengthen Budget Management, IMF Working Paper 09/243.
Piketty, T., 1995, Social mobility and redistributive politics, The Quarterly Journal of Economics, vol. 110, no 3., pp. 551-584.
Schick, A., 2007, The federal budget; politics, policy and process, Brookings Institutions Press, Washington DC.
Swank, O.H., 2003, A Rationale for Assessments of Election Programmes, in Graafland and Ros (2003), pp. 97-106.
Tanzi, V., 2007, Argentina: An economic chronicle; How one of the richest countries in the world lost its wealth, Jorge Pinto Books Inc., New York.
Teulings, C. and T. van Rens, 2008, Education, growth and income inequality, The Review of Economics and Statistics, MIT Press, vol. 90(1), pp. 89-104. Tversky, A. and D. Kahneman, 1986, Rational choice and the framing of decisions, Journal of Business, 59(4), Part 2, pp. S251-278.
Woessmann, L. and M. West, 2006, Class-size effects in school systems around the world; evidence from between-grade variation in TIMSS, European Economic Review, 50, p. 695-736.