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Large and uncertain heterogeneity of expectations: stability of equilibrium from a policy maker standpoint
We study the dynamic behavior of heterogeneous markets with many types of agents. In particular this paper aims at studying the effects of a change...
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The empirical modelling of house prices and debt revisited: a policy-oriented perspective
The recent boom in house prices in many countries during the COVID-19 pandemic and the possibility of household financial distress are of concern...
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The Role of House Prices and Transactions in Monetary Policy Transmission: The Case of Italy
The housing market is a key channel for monetary policy transmission. The literature has focused mainly on cyclical fluctuations in house prices...
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An Optimal Crime Control Policy in a Dynamic Setting
Existing literature does not capture efficiency losses on the dynamic adjustment path of crime control market from initial to final equilibrium after...
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Concerns for Long-Run Risks and Natural Resource Policy
The legislature in many countries requires that short-run risk and long-run risk be considered in making natural resource policy. In this paper, we...
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The contradictions of unconventional monetary policy as a post-2008 thwarting mechanism: financial dominance, shadow banking, and inequality
The global financial crisis (GFC) of 2008 has triggered profound changes in the macro-financial regulatory architecture. Ever since, the interplay...
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Policy Evolution and Effect Evaluation of Zhejiang Manufacturing Industry Based on Text Data
Whether the industrial policy can promote the high-quality development of manufacturing industry, a large number of scholars have conducted empirical...
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Foreign Policy Analysis: South American Countries’ Foreign Policy Towards the BRI
How do we explain the different responses of South American countries towards the BRI? Answering this question requires prior comprehension of how...
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Credit-to-GDP Gap Estimates in Real Time: A Stable Indicator for Macroprudential Policy Making in Croatia
Macroprudential policymakers track cyclical risk accumulation via a wide range of indicators. To make timely policy decisions, these indicators need...
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The Pitfalls of Protectionism: Import Substitution vs. Export-Oriented Industrial Policy
Industrial policies pursued in many develo** countries in the 1950s–1970s largely failed while the industrial policies of the Asian Miracles...
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Monetary Policy and Determinacy: An Inquiry into Open Economy New Keynesian Macrodynamics
Determinacy properties and conditions of equilibrium solution have been the subject of growing discussion and research in macroeconomics. Following...
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Fiscal Policy Developments
The chapter examines the impact of the war on the fiscal policies of the Central and Eastern European countries, its impact on indebtedness, public...
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Numerical analysis of a nonlinear (S, s) inventory control policy under a quantity adjustment economy including explanations from a linear model
This paper is a sequel to the nonlinear inventory control economy reported in Taniguchi (Significance of nonlinearity and many goods models. In:...
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Introduction to Citizen-Centered Public Policy Making
Recently, the public policy field seems to be extensively nourished by studies focusing on public service design and implementation phases. Regarding...
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Social identity and risky leisure activities: implications for welfare and policy
In this paper, we build on theories in psychology and economics and link positional preferences to private agents’ identification with a social...
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Policy insights for wind energy from a choice experiment stated preference efficient design in Apulia region (Italy)
The present work argues that wind energy is either a positive or negative determinant against the risks associated with its use, and aims at:...
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Exploration of trending concepts in innovation policy
In this paper, we identify five concepts of innovation policy which, although not new, have recently emerged in specialized literature as main...
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The ECB’s New Green Monetary Policy
The global climate crisis as one of the greatest challenges of our time (actually or potentially) affects all policy areas. This includes monetary...
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Organisational troubles in policy integration. French local food policies in the making
To better understand policy integration dynamics, this paper analyses the early implementation of three urban food policies in France (Montpellier,...
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Causal Machine Learning and its use for public policy
In recent years, microeconometrics experienced the ‘credibility revolution’, culminating in the 2021 Nobel prices for David Card, Josh Angrist, and...
