Tagged: government policy

Blessed are they that have not seen the model, and yet have believed - The Dismal Science

Eric Crampton Mar 02, 2021

The Climate Change Commission’s recommendations span the breadth of the economy. They are required to come up with sector-by-sector climate budgets consistent with getting New Zealand with net zero emissions under the Zero Carbon Act. The sector-by-sector budgets rest on underlying models. The models build predictions about what will happen as ETS prices rise, and what will happen when some … Read More

George Osborne explains Summer Budget 2015 - The Dismal Science

James Zuccollo Jul 22, 2015

The first reckoning for any Budget is when the Office for Budget Responsibility releases its estimates of the fiscal and economic impact of the measures. The second is when the Chancellor appears in front of the Treasury Select Committee and explains the reasoning behind the Budget. George Osborne’s Summer Budget appearance happened yesterday and shed […] … Read More

School choice and paternalism - The Dismal Science

James Zuccollo Jan 23, 2015

There is a very interesting report out from the Social Market Foundation that investigates the characteristics parents value in a school. The core result is that less-wealthy families do not choose schools on the basis of academic achievement: This leads the SMF to express concern that school choice may not lift educational achievement because some parents […] … Read More

Why fiscal rules matter: sustainability - The Dismal Science

James Zuccollo Jan 10, 2015

Before Christmas I wrote a couple of posts on fiscal rules and you might very well be asking why it really matters. The first reason is that the current trajectory of public spending is unsustainable, but not in the sense that the Government means it. Sustainability in public spending should be measured over decades, not […] … Read More

Politicians vs policy analysts - The Dismal Science

James Zuccollo Dec 10, 2013

Jonathan Portes has an interesting post on the Department of Work and Pensions’ analysis of Mandatory Work Activity. Jonathan does a great job summarising the research and it’s fantastic to see good evaluation coming out of the Department. The political headline of the post is less positive: “DWP analysis shows mandatory work activity is largely […] … Read More

Quote of the day: Sen on inequality and rhetoric - The Dismal Science

Matt Nolan Sep 12, 2013

I am currently disappointingly short on time, I apologise.  So I will take this chance to quote from smart people, in this case Amartya Sen on inequality again.  This time at the end of chapter one from ‘Inequality Reexamined’. The tendency to assume away interpersonal diversities can originate not only from the pragmatic temptation to […] … Read More

Quote of the day: Amartya Sen on inequality - The Dismal Science

Matt Nolan Sep 05, 2013

I am currently reading “Inequality Reexamined” by Amartya Sen, as I’ve never read his books – only his papers.  This suits my current binge reading of inequality, income distribution, and methodology of economics and econometrics books I’m trying to read (albeit too slowly for my own liking). Anyway, the prologue immediately neatly summarises a point […] … Read More

Diversification and picking winners - The Dismal Science

Infometrics Sep 01, 2013

Following the concerns about botulism and Fonterra, there have been increasing calls for New Zealand to be “diversified” or even for the NZ government to “pick winners”.  Gareth Kiernan touches on these ideas, and why we should be careful with them here.  A choice quote: Although economic diversity is useful in terms of limiting the […] … Read More