
Contents
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7.1 Introduction 7.1 Introduction
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7.2 History 7.2 History
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7.3 Role in the Election Cycle 7.3 Role in the Election Cycle
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7.3.1 Step 1. Medium- and Long-term Forecasts 7.3.1 Step 1. Medium- and Long-term Forecasts
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7.3.2 Step 2. Report of the Advisory Group on Fiscal Policy 7.3.2 Step 2. Report of the Advisory Group on Fiscal Policy
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7.3.3 Step 3. Evaluation of Election Platforms 7.3.3 Step 3. Evaluation of Election Platforms
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7.3.4 Step 4. Analysis of the Coalition Agreement 7.3.4 Step 4. Analysis of the Coalition Agreement
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7.3.5 Step 5. Medium-term Fiscal Framework 7.3.5 Step 5. Medium-term Fiscal Framework
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7.4 Role in the Annual Budget Process 7.4 Role in the Annual Budget Process
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7.5 Independence, Quality, and Relevance 7.5 Independence, Quality, and Relevance
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7.6 Conclusions 7.6 Conclusions
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References References
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7 Netherlands: Fostering Consensus on Fiscal Policy
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Published:October 2013
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Abstract
The CPB Netherlands Bureau for Economic Policy Analysis (CPB) prepares the official macroeconomic forecast underlying the annual budget, a midterm review of public finance at the start of each election cycle, and cost-benefit analyses of policy proposals. As a unique feature, it provides an assessment of the economic platforms of political parties before the elections. The authors derive four lessons from the Dutch experience. First, a reputation of quality and independence is crucial for the success of a watchdog. Second, the scope and depth of its analysis, that extends beyond fiscal policy, has contributed to shared public understanding of relevant trade-offs and policy options. Third, the effectiveness of CPB depends crucially on a clear demarcation of the distinctive roles of CPB and political parties. And fourth, being part of the government secures access to inside information and influence in the policymaking process, but with risks to maintaining independence.
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