We extend the Monacelli [Monacelli, T. (2005). Monetary policy in a low pass-through environment. Journal of Money, Credit and Banking, 37(6), 1047–1066]model to allow for a central bank that penalizes nominal interest rate paths that are too close to the zero lower bound. We analytically derive the optimal interest-rate policy rule in each equilibrium under four policy regimes: (i) benchmark c...

Citation: Borja A, Elliott M, Snelgrove PVR, Austen MC, Berg T, Cochrane S, Carstensen J, Danovaro R, Greenstreet S, Heiskanen A-S, Lynam CP, Mea M, Newton A, Patrício J, Uusitalo L, Uyarra MC and Wilson C (2016) Bridging the Gap between Policy and Science in Assessing the Health Status of Marine Ecosystems. Front. Mar. Sci. 3:175. doi: 10.3389/fmars.2016.00175 Bridging the Gap between Policy a...

Eng, M.A. and E.H. Hamilton. 2000. From here to eternity: the perils of policy analysis. In Proceedings, From science to management and back: a science forum for southern interior ecosystems of British Columbia. C. Hollstedt, K. Sutherland, and T. Innes (editors). Southern Interior Forest Extension and Research Partnership, Kamloops, B.C., pp. 55–8. From here to eternity: The perils of policy a...

The development of the T&C sector in many countries has been influenced by trade policy and the response of companies to operate efficiently and economically under these policy rules. Government policies have been playing a major role in shaping the location of apparel export activities. The most important tools that governments have been using to shape commodity chains in the apparel industry ...

Introduction: The national trend indicates that various provinces of Iran have experienced in attaining economic growth exclusive of parallel observing a boost in CO2 emissions. It is clear that the effects of CO2 emissions on health indicators such as death rate, infant mortality, and health expenditures have been ignored by policy makers over the last decade.   Methods: This study for ...

policy capacity focuses on the managerial and organizational abilities to inform policy decisions with sound research and analysis, and facilitate policy implementation with operational efficiency. it stems from a view of the policy process that is rational and positivistic, in which optimal policy choices can be identified, selected, and implemented with objectivity. by itself, however, policy...

In most cases authors are permitted to post their version of the article (e.g. in Word or Tex form) to their personal website or institutional repository. Authors requiring further information regarding Elsevier's archiving and manuscript policies are encouraged to visit: JEL classification: E32 E52 E62 E63 Keywords: Optimal simple policy rules Timeless perspective optimal policy Monetary polic...

recently, the finished cost reduction policy-as an efficient economic policy for competitiveness of domestic products beside foreign competitors-has been paying attention by ministry of commerce of iran. at the fist look, the protection of intellectual property such as inventions increases the finished cost of products; but intellectual property protection can be effective in finished cost redu...

We examine cost shifting within the context of Medicare payment policy. We briefly review economic theory and available data and discuss the importance of cost shifting for policy. Then we present four central findings on cost shifting based on the views of former high-level policymakers. First, Medicare’s early (pre-prospective) payment policy was a boon to hospitals. Second, Medicare payment ...

To assess the impact of tax-bene…t policy changes on income distribution over time, we suggest a methodology based on counterfactual simulations. We start by decomposing changes in inequality/poverty indices into three contributions: reforms of the tax-bene…t structure (rules, rates, etc.), changes in nominal levels of market incomes and tax-bene…t parameters (bene…t amounts, tax bands, etc.), ...