OPTIMAL CHECKS AND BALANCES UNDER POLICY UNCERTAINTY

B-Tier
Journal: International Economic Review
Year: 2022
Volume: 63
Issue: 2
Pages: 549-569

Authors (2)

Gabriele Gratton (UNSW Sydney) Massimo Morelli (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Political checks and balances are debated desiderata in the evaluation of democratic systems. We suggest a framework where the pros and cons of checks and balances are, respectively, the reduction of type‐I errors and the increase of type‐II errors in policy decision making. Political checks and balances are less desirable for intermediate levels of competence of the political class when accountability is high. In policy areas where the effects of reforms are harder to evaluate and accountability is low, political checks and balances are always desirable. Positive constitutional design reveals the possibility of constitutional traps, with politicians choosing less desirable regimes.

Technical Details

RePEc Handle
repec:wly:iecrev:v:63:y:2022:i:2:p:549-569
Journal Field
General
Author Count
2
Added to Database
2026-01-25