Collaborative writing (CW) in policy agenda setting and grant development is an important aspect of community development. However, solutions need to be found to better deal with distributed CW. This paper establishes a basis for improving distributed, CW for policy agenda setting, and similar efforts, by using a Internet-based collaborative tool. This work utilizes key research to better under...

The paper examines the optimal monetary policy when firms are constrained by information processing capability and infrequent price adjustments. Firms' information processing limit gives rise to imperfect knowledge about macroeconomic aggregates and endogenous information learning contingent on the monetary policy. Staggered price setting introduces the observed price duration and additional po...

The views expressed within this paper are the author's and do not necessarily reflect those of the The overarching objective of the Energy Technology Innovation Policy (ETIP) research group is to determine and then seek to promote adoption of effective strategies for developing and deploying cleaner and more efficient energy technologies, primarily in three of the biggest energy-consuming natio...

The Asian crisis represented a watershed in monetary policy-making in east Asia. Suddenly gone, in many cases, was the guiding principle of stability of the currency against the US dollar. Suddenly gone, in some cases, was the senior management of the central bank itself. New goals, and new means to achieve them, were needed. In a number of Asian central banks, new leaders faced the challenge o...

In the textbook conception of economics, consumers use prices to determine the bundle of purchases that maximize their utility subject to the constraint that the total value of these purchases cannot exceed their income. In this paper, I consider the implications of letting consumers have somewhat different reactions to prices. First, I allow consumers to be unsophisticated when they use price ...

Historically, United States drug policy has focused on use reduction; harm reduction is a prominent alternative. This paper aims to provoke and inform more debate about the relative merits of these two. Since harm is not necessarily proportional to use, use reduction and harm reduction differ. Both terms are somewhat ambiguous; precisely defining them clarifies thinking and policy implications....

We show how the current institutional setting of U.S.-dollar money markets limits the passthrough effectiveness of the Federal Reserve’s monetary policy. We focus on frictions associated with imperfect competition, regulation, infrastructure, and other forms of institutional segmentation within money markets. We model how imperfect competition is exacerbated by costs to cash investors associate...

This contribution develops a framework for studying the e ects of the enlargement of a monetary union on macroeconomic performances in the presence of strategic interactions between non atomistic labour unions, monetary and scal authorities. We show that the extension of the monetary union to new identical member countries may have bene cial e ects, depending on the scal policymaking parameters...

This paper uses analytically tractable and numerically solved general equilibrium models to examine the significance of pre-existing distortions in factor markets for revenueneutral environmental tax reforms and for various policies involving pollution quotas and permits. Results indicate that pre-existing factor taxes generally raise the costs of these environmental policies. This reflects a t...

1 Center for Bioethics, Health and Society, Wake Forest University, Winston-Salem, North Carolina, United States of America, 2 Department of Philosophy, Wake Forest University, Winston-Salem, North Carolina, United States of America, 3 History of Medicine, History and Cultural Studies, I.M. Sechenov First Moscow State Medical University, Moscow, Russia, 4 Baker Institute for Public Policy, Rice...