We want to decompose the “as is” process for funds authorisation and rigorously assess it, challenging its individual component parts, before constructing our “to be” process under this re-engineering exercise. Our intention is to engage closely with industry and to seek your advice: tell us which aspects of the current process could work even better.
References Blanchard, O. and R. Perotti (2002). "An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output." Quarterly Journal of Economics 117(4): 1329-1368. International Monetary Fund, World Economic Outlook (2008). Chapter 5 "Fiscal Policy as a countercyclical tool." October Perotti, R. (2002). "Estimating the effects of fiscal policy in OECD countries." ECB Working Paper no. 168.