Previous studies on fiscal policy at the zero bound have focused on models with perfect foresight. However, the recent economic environment motivating such research is characterized by a high degree of uncertainty. This paper studies optimal government spending and monetary policy when the nominal interest rate is subject to the zero lower bound constraint in a stochastic environment. In the pr...

Is there a role for anonymous markets in which trades cannot be monitored by the government? We study an economy in which agents have private information and a benevolent government controls redistributive tax policy. While unrestricted access to anonymous markets reduces the set of policy instruments available to the government in general, it also limits the scope of inefficient redistributive...

The study cited below found that only 3 per cent of women who used water in labour used pethidine as well, compared to 60 per cent of women who laboured on land. A reduction in the use of such narcotic drugs is welcomed by all concerned, as its is now widely recognized that they can have a depressive effect on both mother and baby's central nervous system and may lead to a variety of complicati...

RATIONALE Public health policies are often dependent on political decision-making, but little is known of the impact of different forms of government on countries' health policies. In this exploratory study we studied the association between a wide range of process and outcome indicators of health policy and four groups of political factors (levels of democracy, e.g. voice and accountability; p...

Auctions are used by governments for a variety of purposes. Government debt is managed in many countries by the auctioning of government securities. Foreignexchange auctions are run by many governments, including Jamaica, Bolivia, Nigeria, and Romania. Reforming governments, from the Czech Republic to Mexico, have used auctions to privatize state-owned …rms. Developing countries use auctions in...

media policy is the major strategies that guide the media in achieving the specific objectives. since the field of media policy area in the country is unknown, purpose of this study is carried out theoretical research in the field of media policy and develops a theoretical framework. theoretically there are two approaches in the field of media policy. the first approach is that the traditional ...

Improved water supply, sanitation and hygiene used in combination are effective at achieving better health for poor people in developing countries. However, donor policy has been dominated by interventions in water supply, at the expense of achieving the potential health benefits of improved sanitation and hygiene. Commitments recently made by the international community require greater emphasi...

Existing models of quality evaluation in public sector are mainly derived from the approaches within private sector. These models which represented by the New Public Management (NPM) paradigm, don&rsquot reflect the fundamental values of public administration, which are the very essence of the discipline and contrasting it from private sector. These core values, such as democratic citizenship, ...