Results 221 to 230 of about 150,864 (269)

Agenda Control under Policy Uncertainty

American Journal of Political Science, 2022
AbstractModels of agenda setting are central to the analysis of political institutions. Elaborations of the classical agenda‐setting model of Romer–Rosenthal have long been used to make predictions about policy outcomes and the distribution of influence among political actors.
Steven Callander, Nolan McCarty
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Macroprudential policy under uncertainty

Portuguese Economic Journal, 2021
In this paper, an index of domestic macroprudential policy tools is constructed and the effectiveness of these tools in controlling credit growth, managing GDP growth and steadying inflation is studied using a dynamic panel data model for the period between 2000 and 2017. The empirical analysis includes two panels namely an EU panel of 27 countries and
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Capital Reallocation Under Climate Policy Uncertainty

SSRN Electronic Journal, 2023
In a structural dynamic model that incorporates two broad production sectors with different carbon emissions, we find that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting
Khalil, Makram, Strobel, Felix
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Macroprudential Policy Under Uncertainty

SSRN Electronic Journal, 2016
We argue that the uncertainty over the impact of macroprudential policy need not make a policymaker more cautious. Our starting point is the classic result of Brainard (1967) which finds that uncertainty over the impact of a policy instrument will make a policymaker less active.
Saleem Bahaj, Angus Foulis
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On the existence of optimal policies under uncertainty

Journal of Economic Theory, 1972
Publisher Summary Many economic theories presume that a feasible policy set contains an optimal policy. Theorists who have taken care to ensure the existence of solutions commonly have resorted to introducing explicit bounds on a closed policy or action set, thereby rendering it compact. Given a continuous objective function, Weierstrass' Theorem can
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Monetary Policy Under Uncertainty

2019
In this chapter, we take into account that real decision-making has to cope with control errors, imperfect information, and robustness issues. Intuition suggests that central banks should act less aggressively as a response to uncertainty, with policy response depending on the precision of noisy signals.
Jin Cao, Gerhard Illing
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The Optimal Policies for Restricting Trade under Uncertainty

The Review of Economic Studies, 1980
A basic theme of microeconomics is the equivalence of price and quantity controls under certainty. The welfare comparison of these two control modes under uncertainty has been undertaken recently in two different contexts. Weitzman (1974) initiated the comparison of these two modes in the context of a planning authority which faces uncertainty about ...
Young, Leslie, Anderson, James E.
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Caution and Gradualism in Monetary Policy Under Uncertainty [PDF]

SSRN Electronic Journal, 2000
This paper explores the theoretical implication of parameter uncertainty for the optimal monetary policy reaction function. The policy-maker sets the nominal interest rate to meet an inflation target in a simple dynamic model of the economy. The paper looks at how parameter uncertainty in the transmission mechanism affects the optimal nominal and real ...
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Formulating Natural Hazard Policies under Uncertainty

SIAM/ASA Journal on Uncertainty Quantification, 2013
Uncertainty issues are crucial in assessing the risk posed by natural hazards and developing strategies to mitigate their consequences for society. The challenges are illustrated by the giant earthquake that struck Japan's Tohoku coast in March, 2011, which was much larger than had been predicted by sophisticated hazard models and so caused a tsunami ...
Jerome L. Stein, Seth Stein
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