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Evaluating Policy Regimes
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Book Synopsis Evaluating Policy Regimes by : Ralph Bryant
Download or read book Evaluating Policy Regimes written by Ralph Bryant and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 1028 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have long debated the theoretical merits—for an individual nation and for a multi-nation world economy—of alternative approaches to the conduct of economic policy. Yet theory alone cannot resolve the important issues at stake. Only after the robustness of policy regimes has been carefully examined with empirical evidence will policymakers and economists be able to reach more of a consensus. This pathbreaking volume takes major steps forward in meeting the need for a combination of theoretical and empirical evaluations of alternative policy regimes. Bringing together individuals and groups doing pioneering research on macroeconomic interaction, it explores what approach to monetary policy would lead to superior performance by individual national economies and the world economy as a whole. Many parts of the book use the analytical techniques of stochastic simulation, an evaluation procedure increasingly employed at the frontier of empirical economic analysis. The book provides a summary of the hey issues involved in evaluating policy regimes and clarifies the relationships among those issues. The authors examine the stabilization properties of alternative monetary-policy regimes and analyze how well various regime types perform in the face of unexpected shocks to national economies. Among their conclusions, they find that some simplified regimes for monetary policy are markedly less promising than others for achieving the stabilization objectives commonly sought by policymakers. Evaluating Policy Regimes is another major installment in a continuing world wide research project, sponsored by the Brookings Institution, to improve empirical knowledge about the interdependence of national economies.
Book Synopsis Evaluating Policy Regimes by : Ralph C. Bryant
Download or read book Evaluating Policy Regimes written by Ralph C. Bryant and published by Brookings Institution Press. This book was released on 1993 with total page 994 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pathbreaking volume takes major steps forward in meeting the need from a combination of theoretical and empirical evaluations of alternative policy regimes.
Book Synopsis Monetary Policy Rules by : John B. Taylor
Download or read book Monetary Policy Rules written by John B. Taylor and published by University of Chicago Press. This book was released on 2007-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.
Book Synopsis Evaluating Monetary Policy Regimes by : Massimiliano Marzo
Download or read book Evaluating Monetary Policy Regimes written by Massimiliano Marzo and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Conditionality in Evolving Monetary Policy Regimes by : International Monetary Fund
Download or read book Conditionality in Evolving Monetary Policy Regimes written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-05-03 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: With single-digit inflation and substantial financial deepening, developing countries are adopting more flexible and forward-looking monetary policy frameworks and ascribing a greater role to policy interest rates and inflation objectives. While some countries have adopted formal inflation targeting regimes, others have developed frameworks with greater target flexibility to accommodate changing money demand, use of policy rates to signal the monetary policy stance, and implicit inflation targets.
Book Synopsis An Evaluation of Alternative Indicator Regimes for Monetary Policy by : David A. Currie
Download or read book An Evaluation of Alternative Indicator Regimes for Monetary Policy written by David A. Currie and published by . This book was released on 1984 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Evaluating Public Policy by : Frank Fischer
Download or read book Evaluating Public Policy written by Frank Fischer and published by Wadsworth Publishing Company. This book was released on 1995 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of dollars are spent each year on the evaluation of domestic and foreign policies. Policy analysis has emerged as an important component of the policy-making process in American government. This text differs from others--not only does it teach students how to evaluate the empirical aspects of a public policy--but also provides an analytical framework for assessing the value judgements that infuse policy decisions. Students learn to assess whether a program reflects the kinds of things that society ought to be doing.
Book Synopsis The Evaluation of Language Regimes by : Michele Gazzola
Download or read book The Evaluation of Language Regimes written by Michele Gazzola and published by John Benjamins Publishing Company. This book was released on 2014-08-15 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on existing analytical frameworks, this book provides a new methodology allowing different language policies in international multilingual organisations (or “language regimes”) to be compared and evaluated on the basis of criteria such as efficiency and fairness. It explains step-by-step how to organise the evaluation of language regimes and how to design and interpret indicators for such evaluation. The second part of this book applies the theoretical framework to the evaluation of the language policy of the Patent Cooperation Treaty (PCT) division of the World Intellectual Property Organisation (WIPO) and the European Patent Office (EPO). Results show that an increase in linguistic diversity of the language regimes of patent organisations can both improve the efficiency of the patent system and lead to a more balanced distribution of costs among countries. This book is a resource for scholars in language policy and planning and for policy-makers in the international and European patent system.
Book Synopsis Knowledge to Policy by : Fred Carden
Download or read book Knowledge to Policy written by Fred Carden and published by IDRC. This book was released on 2009-04-06 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the effects of research in the field of international development.. Examines the consequences of 23 research projects funded by Canada's International Development Research Centre in developing countries. Shows how research influence public policy and decision-making and how can contribute to better governance.
Book Synopsis Evaluation of Currency Regimes by : Assaf Razin
Download or read book Evaluation of Currency Regimes written by Assaf Razin and published by . This book was released on 2005 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper tackles two established puzzles in international macroeconomics literature. The first is the lack of systematic difference in the macroeconomic performance across exchange rate regimes. The second is the absence of a clear empirical relationship between macroeconomic performance and capital-account liberalization. We suggest that both may appear because empirical methodologies fail to account for a latent economic "crisis state, " influenced by exchange-rate and capital account regimes, and to allow the effects of a policy regime on growth to depend on whether the economy is in a crisis-prone latent state. In practice, we model and estimate the latent state of the economy as a crisis probability. In the framework we propose, exchange rate and capital market liberalization regimes can have both a direct effect on short-term growth, and an indirect effect on growth that is channelled through their effects on the crisis probability"--National Bureau of Economic Research web site.
Book Synopsis Economic Crises and Policy Regimes by : Hideko Magara
Download or read book Economic Crises and Policy Regimes written by Hideko Magara and published by Edward Elgar Publishing. This book was released on 2014-03-28 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this innovative book, Hideko Magara brings together an expert team to explore both the possibilities and difficulties of transitioning from a neoliberal policy regime to an alternative regime through drastic policy innovations. The authors argue tha
Book Synopsis Evaluating Policy Rules Under Imperfect Credibility by : Mr.Paul R. Masson
Download or read book Evaluating Policy Rules Under Imperfect Credibility written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1991-12-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evaluation of policy rules using empirical macroeconomic models is usually done on the assumption that the rules are perfectly credible. However, there are usually circumstances that cause the authorities to abandon any given rule. The public's expectations reflect this possibility. In the paper, credibility is assumed to depend on the probability that the authorities will abandon a rule because the resulting utility exceeds that from maintaining the rule. Simulations of a disinflation policy leading to price stability are presented. Its credibility varies over time, depending on the paths for output and inflation.
Book Synopsis A Monetary History of the United States, 1867-1960 by : Milton Friedman
Download or read book A Monetary History of the United States, 1867-1960 written by Milton Friedman and published by Princeton University Press. This book was released on 2008-09-02 with total page 889 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz, one of the most important economics books of the twentieth century—the landmark work that rewrote the story of the Great Depression and the understanding of monetary policy Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy—steady control of the money supply—matters profoundly in the management of the nation’s economy, especially in navigating serious economic fluctuations. One of the book’s most important chapters, “The Great Contraction, 1929–33” addressed the central economic event of the twentieth century, the Great Depression. Friedman and Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and countering banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy—an idea that has come to shape the actions of central banks worldwide.
Book Synopsis A Welfare Evaluation of East Asian Monetary Policy Regimes Under Foreign Output Shock by : Joseph Dennis Alba
Download or read book A Welfare Evaluation of East Asian Monetary Policy Regimes Under Foreign Output Shock written by Joseph Dennis Alba and published by . This book was released on 2012 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Evaluating Monetary Policy Regimes: The Role of Nominal Rigidities by :
Download or read book Evaluating Monetary Policy Regimes: The Role of Nominal Rigidities written by and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: I compare four basic monetary policy rules belonging to the interest-rate pegging rules class in two different analystical frameworks representing the way through which nominal rigidities are designed. A first model consider the Calvo-Woodford mechanism of price adjustment, as has become customary in the literature on monetary policy rules. A second model, instead, considers the cost of price adjustment function, as proposed by Rotemberg (1982). The two models are simulated to find the optimal monetary policy rule, maximizing the welfare of the representative agent. The results show that the optimal monetary policy rule for the model based on the Calvo price setting method is a simple contemporaneous interest-pegging rule with a lagged nominal interest rate. However, with a model based on the cost of price adjustment, the optimal rule is given by an interest rate rule with a expected inflation, contemporaneous output gap and a lagged interes rate term as arguments. Impulse respnse functions for different vallues of the parameters of the respective optimal monetary poliy function are plotted for both models, for an expansionary public expenditure shock and a contractionary monetary policy shock. The calculation of the model are empirically robust. For the first time fiscal policy is explicitly inserted in the model through a assive tax policy rule. An explicit analysi f about the determinacy of the equilibrium is contained in the model.
Book Synopsis Monetary Regimes and Inflation by : Peter Bernholz
Download or read book Monetary Regimes and Inflation written by Peter Bernholz and published by Edward Elgar Publishing. This book was released on 2015-04-30 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of
Book Synopsis Fiscal Regimes for Extractive Industries—Design and Implementation by : International Monetary Fund. Fiscal Affairs Dept.
Download or read book Fiscal Regimes for Extractive Industries—Design and Implementation written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-08-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación
