- Fiscal discipline in speeches vs budget balance
Revenues forecasted in budget speeches vs realized budget outcomes
Electoral pledges vs actual realizations
Ideological stance in party publications vs spending and revenues of party governments
The political business cycle
Other questions explored include: Should policy makers always tell the truth and all the truth? What are the benefits and the costs of transparency? How can we resolve the apparent contradiction between the democratic demand for transparency and the efficiency requirement of secrecy in many policy areas? Under which conditions is secrecy acceptable in a democratic society? To what extent may deception and lies lead to a breach of trust or to power abuse? What are the most efficient institutional mechanisms to prevent such abuse? Collectively, the authors present new insights for understanding political process and government activity, and suggest avenues forfurther research.
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