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Modern Macroeconomics in Practice : How Theory is Shaping Policy

Kehoe, Patrick - 2006

Theoretical advances in macroeconomics made in the last three decades have had a major influence on macroeconomic policy analysis. Moreover, over the last several decades, the United States and other countries have undertaken a variety of policy changes that are precisely what macroeconomic...

Persistent link: https://www.econbiz.de/10012466188

Economic Analysis and the Political Economy of Policy Formation

Bruno, Michael - 1989

in the economy has traditionally been far-reaching. The illustrations which have their parallels in other countries are … 1950s and 1960s), on tax and transfer schemes as well as on open economy macro policies and exchange rate regimes (mainly … particular, the political economy of the more recent stabilization efforts which provide considerable support for the general …

Persistent link: https://www.econbiz.de/10012475858

Keynes on the Sequencing of Economic Policy : Recovery and Reform in 1933

Edwards, Sebastian - 2018

On December 31 1933, The New York Times published an open letter from John Maynard Keynes to President Franklin D. Roosevelt. In it Keynes encouraged FDR to expand public works through government borrowing. He also criticized FDR's exchange rate policy, and argued that there was a need for lower...

Persistent link: https://www.econbiz.de/10012453347

The Economist as Plumber

Duflo, Esther - 2017

As economists increasingly help governments design new policies and regulations, they take on an added responsibility to engage with the details of policy making and, in doing so, to adopt the mindset of a plumber. Plumbers try to predict as well as possible what may work in the real world,...

Persistent link: https://www.econbiz.de/10012455468

Economics versus Politics : Pitfalls of Policy Advice

Acemoglu, Daron - 2013

economy, and maintains that if possible, any market failure should be rapidly removed. This essay explains why this conclusion … message is that sound economic policy should be based on a careful analysis of political economy and should factor in its …

Persistent link: https://www.econbiz.de/10012459740

Bottlenecks for Evidence Adoption

Della Vigna, Stefano; Kim, Woojin; Linos, Elizabeth - National Bureau of Economic Research - 2022

Governments increasingly use RCTs to test innovations before scale up. Yet, we know little about whether and how they incorporate the results of the experiments into policy-making. We follow up with 67 U.S. city departments which collectively ran 73 RCTs in collaboration with a national Nudge...

Persistent link: https://www.econbiz.de/10013334363

Innovation Adoption by Committee : Evaluating Decision-Making in the FDA

Canen, Nathan J.; Iaryczower, Matiás - National Bureau of Economic Research - 2024

The FDA is responsible for the approval of new drugs, biological products and medical devices in the United States. As part of the approval process, the FDA relies on advisory committees, which provide independent advice from outside experts. We combine a structural approach with newly collected...

Persistent link: https://www.econbiz.de/10015056111

Fairness and Redistribution : U.S. versus Europe

Alesina, Alberto - 2003

Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...

Persistent link: https://www.econbiz.de/10012469200

Shiller, Robert J. - 1990

Random samples of the Moscow' and New York populations were compared in their attitudes towards free markets by administering identical telephone interviews in the two countries in May, 1990. Although the Soviet respondents were somewhat less likely to accept exchange of money as a solution to...

Persistent link: https://www.econbiz.de/10012475577

Selfish Corporations

Colonnelli, Emanuele; Gormsen, Niels; McQuade, Timothy - National Bureau of Economic Research - 2022

Motivated by the public debate regarding corporate responsibility, we construct a memory-based model of decision-making to illustrate how corporate and political communication can impact policy preferences. We test the predictions of our model in a new large-scale survey of U.S. citizens on...

Persistent link: https://www.econbiz.de/10013435138

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