The Andrew Young School of Policy Studies was established at Georgia State University with the objective of promoting excellence in the design, implementation, and evaluation of public policy. In addition to two academic departments (economics and public administration), the Andrew Young School houses seven leading research centers and policy programs, including the International Center for Pub...

1 Convened by: Climate Strategies aims to assist governments in solving the collective action problem of climate change. Sponsors include departments from European governments and other stakeholders. This paper was produced as part of a wider project investigating international support for domestic climate policies. All papers are available at www.climatestrategies.org About Climate Strategies ...

In Kohler (2002) we analyse coalition formation in monetary policy coordination games between n countries. We find that positive spillovers of the coalition formation process and the resulting free-rider problem limit the stable coalition size: since the coalition members are bound by the union’s discipline, an outsider can successfully export inflation without fearing that the insiders will tr...

This paper analyzes the transmission of fiscal policy shocks in economies at different degrees of integration into global goods markets. First, using a quantitative business cycle model, we show that trade integration (measured by openness) does not alter the effects of government spending on output, but mutes the negative impact of government spending shocks on private demand. In fact, for ver...

Science serves its readers as a forum for the presentaThe In tion and discussion of important issues related to the advancement of science, including the presentation of 10 years minority or conflicting points of view, rather than by publishing only material on which a consensus has been of withdi reached. Accordingly, all articles published in SciSoviet U ence-including editorials, news and co...

This paper highlights the importance of product differentiation and endogenous r&d in determining the optimal r&d policy, in a model where investment in cost reducing r&d is committed before firms compete in a differentiated-goods third-country export market. R&D is always taxed in oligopolies for high degrees of product differentiation. For lower degrees of product differentiation the duopoly ...

The Great Inflation of the 1970s was an international phenomenon. We study whether monetary authorities in the G7 countries were changing their responses to inflation in a similar manner during and following the Great Inflation era. Our results suggest that the common to the G7 countries inflation pattern during the Great Inflation period is associated with a common pattern in the monetary poli...