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Cost-Benefit Analysis -- Fall 2017 -- Spring 2018

Class Nine -- January 16th, 2018: Materials on Regulatory Budgeting Under the Trump Administration (And Team Assignment II)

The readings for Class Nine will focus on regulatory budgeting, a new concept (at least in the United States) that seeks to import budgeting principles into the area of government regulation.  To introduce the subject, the readings begin with a 2014 article from Rosen and Callanan making the basic case for regulatory budgets, as well as an overview of the subject put together by Hill staffers in the summer of 2016.  The Trump Administration's approach to the subject is presented in a series of official OMB documents, and summarized in a 2017 article by Andrea Renda (an EU expert) reporting on the Trump Administration's approach and offering some comparative perspectives. The second team assignment, due by 8:00 pm on Monday, January 15th, is to write a 4-5 page memorandum, addressing the strengths and weaknesses of regulatory budgeting in general and then offering, as best you can, any suggestions as to how the Trump Administration's implementation of the approach might be improved upon. Good luck.