IDEAS home Printed from https://ideas.repec.org/a/ifs/fistud/v15y1994i3p129-39.html
   My bibliography  Save this article

Legislation for business: is it fit for public consumption?

Author

Listed:
  • Malcolm Gammie

    (Institute for Fiscal Studies and One Essex Court)

Abstract

‘We are convinced that a central problem of the legislative process is that far too many bills are introduced into Parliament in a state that is recognised — even,we suspect, by Ministers — to be less than perfect.’ In short, ‘... bills are too often introduced to Parliament \'half-baked\' and with a lot of the detail insufficiently thought out ...’. I would not mind were Parliament a competent cook, able to complete a process started by government. Were that so, our elected representatives would enhance the democratic process by the part they played in turning out the final product. But the heat of parliamentary debate is rarely sufficient: what enters Parliament half-baked usually emerges half-baked, or worse. ‘The weight and extent of the criticisms received is perhaps the most notable feature of our enquiry.’ Criticism of legislation is as old as legislation itself. King Edward the Sixth wished that ‘the superfluous and tedious statutes were brought into one sum together, and made more plain and short, to the intent that men might better understand them’. But ‘half-baked’ does not just refer to a failure to achieve simplicity or clarity in legislation; it refers to the failure of legislation to achieve its purpose of converting the aims and objectives of government policy into practical rules to regulate our lives in a sophisticated society.

Suggested Citation

  • Malcolm Gammie, 1994. "Legislation for business: is it fit for public consumption?," Fiscal Studies, Institute for Fiscal Studies, vol. 15(3), pages 129-139, August.
  • Handle: RePEc:ifs:fistud:v:15:y:1994:i:3:p:129-39
    as

    Download full text from publisher

    File URL: http://www.ifs.org.uk/fs/articles/gammie_aug94.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mervyn King, 1994. "Monetary policy in the UK," Fiscal Studies, Institute for Fiscal Studies, vol. 15(3), pages 109-128, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Svensson, Lars E. O., 1997. "Inflation forecast targeting: Implementing and monitoring inflation targets," European Economic Review, Elsevier, vol. 41(6), pages 1111-1146, June.
    2. Svensson, Lars E. O., 1999. "Inflation targeting as a monetary policy rule," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 607-654, June.
    3. King, Mervyn, 1997. "Changes in UK monetary policy: Rules and discretion in practice," Journal of Monetary Economics, Elsevier, vol. 39(1), pages 81-97, June.
    4. Luca Agnello & Ricardo M. Sousa, 2014. "The Determinants of the Volatility of Fiscal Policy Discretion," Fiscal Studies, Institute for Fiscal Studies, vol. 35, pages 91-115, March.
    5. Glenn Rudebusch & Lars E.O. Svensson, 1999. "Policy Rules for Inflation Targeting," NBER Chapters, in: Monetary Policy Rules, pages 203-262, National Bureau of Economic Research, Inc.
    6. Lars E. O. Svensson & Michael Woodford, 2004. "Implementing Optimal Policy through Inflation-Forecast Targeting," NBER Chapters, in: The Inflation-Targeting Debate, National Bureau of Economic Research, Inc.
    7. Glenn Otto & Graham Voss, 2009. "Strict and Flexible Inflation Forecast Targets: An Empirical Investigation," Department Discussion Papers 0902, Department of Economics, University of Victoria.
    8. Berg, Claes & Jonung, Lars, 1999. "Pioneering price level targeting: The Swedish experience 1931-1937," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 525-551, June.
    9. Lars E. O. Svensson, 2012. "Evaluating Monetary Policy," Book Chapters, in: Evan F. Koenig & Robert Leeson & George A. Kahn (ed.), The Taylor Rule and the Transformation of Monetary Policy, chapter 11, Hoover Institution, Stanford University.
    10. Aleksandra Halka, 2015. "Lessons from the crisis.Did central banks do their homework?," NBP Working Papers 224, Narodowy Bank Polski.
    11. Rob Hamilton & Nigel Jenkinson & Adrian Penalver, 2007. "Innovation and Integration in Financial Markets and the Implications for Financial Stability," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & Jeremy Lawson (ed.),The Structure and Resilience of the Financial System, Reserve Bank of Australia.
    12. Fang‐Shuo Chang & Shiu‐Sheng Chen & Po‐Yuan Wang, 2020. "Politics and the UK's monetary policy," Scottish Journal of Political Economy, Scottish Economic Society, vol. 67(5), pages 486-522, November.
    13. Ricardo J. Caballero & Arvind Krishnamurthy, 2004. "Inflation Targeting and Sudden Stops," NBER Chapters, in: The Inflation-Targeting Debate, pages 423-442, National Bureau of Economic Research, Inc.
    14. Paul-Emmanuel Micolet, 1998. "Positionnement conjoncturel du Royaume-Uni et UEM," Revue de l'OFCE, Programme National Persée, vol. 66(1), pages 127-169.
    15. Lars E. O. Svensson, 2002. "Monetary policy and real stabilization," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 261-312.
    16. Heinz Handler, 2003. "From Hard Currency Policy to Monetary Union," WIFO Working Papers 210, WIFO.
    17. Tim Hampton & Dominick Stephens & Renee Philip, 2003. "Monetary policy communication and uncertainty," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, June.
    18. Hanna Bäck & Wolfgang C. Müller & Benjamin Nyblade, 2017. "Multiparty government and economic policy-making," Public Choice, Springer, vol. 170(1), pages 33-62, January.
    19. Svensson, Lars E.O., 2009. "Transparency under Flexible Inflation Targeting: Experiences and Challenges," CEPR Discussion Papers 7213, C.E.P.R. Discussion Papers.
    20. Lars E. O. Svensson, 2001. "Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability," Palgrave Macmillan Books, in: Deutsche Bundesbank (ed.), The Monetary Transmission Process, chapter 2, pages 60-111, Palgrave Macmillan.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ifs:fistud:v:15:y:1994:i:3:p:129-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emma Hyman (email available below). General contact details of provider: https://edirc.repec.org/data/ifsssuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.