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CPB and Dutch fiscal policy in view of the financial crisis and ageing

Author

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  • Coen Teulings

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  • Frits Bos

    ()

Abstract

Independent national fiscal institutions can play a major role in fiscal policy and in maintaining and restoring sustainability of a country's public finance. This paper describes the role of CPB in Dutch fiscal policy and discusses its merits and risks. And to what extent can it provide lessons for improving decision-making on fiscal policy in other countries? In the second part, the Dutch fiscal targets and rules are discussed in view of the rising costs of ageing, the depletion of natural gas resources and the financial crisis. In the Netherlands, for already 65 years, CPB serves as the official expert institute for fiscal and economic policy. It does not only serve the government, but meets also requests from opposition parties, trade unions and employers' organizations. The reputation of quality and independence had to be earned and defended again and again. Its eminent founder and first director, Jan Tinbergen, was responsible for a very good start. CPB has a more comprehensive role than comparable institutions in other countries. This includes e.g. providing the official estimates on economic growth and purchasing power, analysis of the sustainability of Dutch public finance, costs-benefit analysis of major infrastructure projects, analysis of the economic effects of the election plans of Dutch political parties and all kinds of analyses on the Dutch economy and the role of the government.

Suggested Citation

  • Coen Teulings & Frits Bos, 2010. "CPB and Dutch fiscal policy in view of the financial crisis and ageing," CPB Document 218, CPB Netherlands Bureau for Economic Policy Analysis.
  • Handle: RePEc:cpb:docmnt:218
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    References listed on IDEAS

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    4. James E. Anderson, 1988. "The Relative Inefficiency of Quotas," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511789, January.
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    Citations

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    Cited by:

    1. Bos, Frits & Teulings, Coen N, 2012. "The world’s oldest fiscal watchdog: CPB’s analyses foster consensus on economic policy," CEPR Discussion Papers 8902, C.E.P.R. Discussion Papers.
    2. World Bank, 2013. "World Development Report 2014
      [Informe sobre el desarrollo mundial 2014, Riesgo y oportunidad : la administración del riesgo como instrumento de desarrollo - Panorama general]
      ," World Bank Publications, The World Bank, number 16092.
    3. Frits Bos & Coen Teulings, 2013. "Short- and long-term forecasting by the Netherlands Bureau for Economic Policy Analysis (CPB): Science, witchcraft, or practical tool for policy?," OECD Journal on Budgeting, OECD Publishing, pages 45-56.
    4. Bos, Frits & 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," MPRA Paper 31536, University Library of Munich, Germany.
    5. Frits Bos & Coen Teulings, 2013. "Short- and long-term forecasting by the Netherlands Bureau for Economic Policy Analysis (CPB): Science, witchcraft, or practical tool for policy?," OECD Journal on Budgeting, OECD Publishing, pages 45-56.
    6. Frits Bos & Coen Teulings, 2012. "The world’s oldest fiscal watchdog: CPB’s analyses foster consensus on economic policy," CPB Discussion Paper 207, CPB Netherlands Bureau for Economic Policy Analysis.
    7. Belev, Sergei & Mamedov, Arseniy & Moguchev, Nikita Sergeevich & Tischenko, Tatiana Vladimirovna, 2016. "International Experience in Assessing the Long-Term Budgetary Impact of Programs at the Federal, Regional and Municipal Level," Working Papers 1852, Russian Presidential Academy of National Economy and Public Administration.

    More about this item

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • P10 - Economic Systems - - Capitalist Systems - - - General

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