A new and novel approach to controlling regulatory costs is the concept of the regulatory budget. This concept would require that governments account for regulatory expenditures in a similar way to fiscal expenditures. This article argues that there are analogies between fiscal and regulatory...

In the past 20 years a key topic of public-sector reform in OECD countries has been the emergence of regulatory policy. During this period, the nature of regulation has undergone profound and rapid change. This paper reviews the development of regulatory policy in OECD countries over the last...