Instruments financed by the regional policy

Policy Instruments in the Common Agricultural Policy

Policy changes in the Common Agricultural Policy (CAP) can be explained in terms of the exhaustion and long-term contradictions of policy instruments. Changes in policy instruments have reoriented the policy without any change in formal Treaty goals. The social and economic efficacy of instruments in terms of evidence-based policy analysis was a key factor in whether they were delegitimized. Th...

Monetary policy transmission channels and policy instruments ∗

The Federal Reserve has implemented policies during the past six years that rely on channels of transmission to the real economy that economic models have assumed to exist but seldom tested or on channels that were simply presumed not to exist. I discuss the board channels of monetary policy transmission that may allow forward guidance and balance sheet policies to affect the economy. The assum...

Market-based Environmental Policy Instruments

Designing Instruments for Resource and Environmental Policy

Contents 1. Introduction 2. The need for policy instruments 3. The Range of Policy Options 4. The Selection and Design of Policy Instruments 4.1. Efficiency with heterogeneous abatement costs 4.2. Difficult monitoring of emissions (but complementarity with products) 4.3. Efficiency with heterogeneous damage costs 4.4. Uncertainty in damage costs and efficiency 4.5. Inter-temporal efficiency wit...

Trade and Environmental Policy Instruments and Reforms

This chapter first presents and summarises results from recent analytical literature, explaining the implications of different policy menus to abate pollution in a small, polluted, competitive economy opening to world trade. This situation is consistent with the stylised facts of many developing economies evolving in a global marketplace and with emerging environmental concerns. The context of ...