Policy Leakage or Policy Benefit? Spatial Spillovers from Conservation Policies in Common Property Resources

Output Spillovers from Fiscal Policy

In this paper, we estimate the cross-country spillover effects of government purchases on output for a large number of OECD countries. Following the methodology in Auerbach and Gorodnichenko (2012a, b), we allow these multipliers to vary smoothly according to the state of the economy and use real-time forecast data to purge policy innovations of their predictable components. We also consider th...

Displacement and Alienation from Common Property Resources

Adaptive policies, policy analysis, and policy-making

Public policies must be devised in spite of profound uncertainties about the future. When there are many plausible scenarios for the future, it may well be impossible to construct any single static policy that will perform well in all of them. It is likely, however, that the uncertainties that confront planners will be resolved over the course of time by new information. Thus, policies should b...

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...

Nber Working Paper Series Output Spillovers from Fiscal Policy

In this paper, we estimate the cross-country spillover effects of government purchases on output for a large number of OECD countries. Following the methodology in Auerbach and Gorodnichenko (2012a, b), we allow these multipliers to vary smoothly according to the state of the economy and use real-time forecast data to purge policy innovations of their predictable components. We also consider th...