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Comments on: Should the OBR cost Opposition proposals? http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/ The Visible Hand in Economics Thu, 08 Jan 2015 22:10:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Eric Crampton http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43705 Thu, 08 Jan 2015 22:10:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43705 In reply to jamesz.

Woah. That’s messed up. A neutral public service should be able to cost proposals coming out of both sides.

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By: jamesz http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43704 Thu, 08 Jan 2015 07:31:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43704 In reply to Eric Crampton.

It’s funny you should use the term ‘threat’ since, in the UK, it is the Opposition that want to be costed to validate their proposals and the Government that refuse to allow that.

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By: Eric Crampton http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43703 Thu, 08 Jan 2015 04:10:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43703 In reply to jamesz.

The threat of independent cursory costings could induce the opposition to put their serious good proposals to serious costings.

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By: jamesz http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43702 Wed, 07 Jan 2015 22:15:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43702 In reply to Eric Crampton.

Sure, and I think that the office has actually forced the Government to do that with its Budgets, too. A useful antidote to last-minute decisions!

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By: Eric Crampton http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43701 Wed, 07 Jan 2015 21:26:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43701 In reply to jamesz.

The opposition could always provide their policies earlier for a more thorough process if they could trust in the office to keep it confidential.

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By: jamesz http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43700 Wed, 07 Jan 2015 12:58:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43700 In reply to Eric Crampton.

Yes, I agree that it could be done, but not to a standard equivalent to the Government’s costings. A lot of the time is in running the Government’s tax and expenditure models, which would be hard to cut out without compromising the process. You could just use rules of thumb but it wouldn’t put the Opposition costings on the same footing as the Government’s. I guess it would be a bit of a lottery as to who the rules of thumb would favour but, at the very least, the final report would likely say that they’re not comparable.

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By: jamesz http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43699 Wed, 07 Jan 2015 12:58:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43699 In reply to Eric Crampton.

Yes, I agree that it could be done, but not to a standard equivalent to the Government’s costings. A lot of the time is in running the Government’s tax and expenditure models, which would be hard to cut out without compromising the process. You could just use rules of thumb but it wouldn’t put the Opposition costings on the same footing as the Government’s. I guess it would be a bit of a lottery as to who the rules of thumb would favour but, at the very least, the final report would likely say that they’re not comparable.

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By: Eric Crampton http://www.tvhe.co.nz/2015/01/06/should-the-obr-cost-opposition-proposals/#comment-43698 Wed, 07 Jan 2015 02:29:00 +0000 http://www.tvhe.co.nz/?p=12042#comment-43698 Would it really take hundreds of staff? Think about the NZ case. Jim Rose did the whole set on his own on contract for the Taxpayers’ Union. I’m sure a cast of hundreds of Treasury experts would have done a better job, but diminishing returns kick in somewhere.

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