I study how the general and specific details of a micro founded monetary framework affect the determination of policy when the government has limited commitment. The conduct of policy depends on the interaction between the incentive to smooth distortions intertemporally and a time-consistency problem. In equilibrium, fiscal and monetary policies are distortionary, but long-run policy is not aff...

The Commission on the Social Determinants of Health brought the reduction of avoidable health inequalities between social groups to the centre of the political stage. Its three key recommendations—to improve daily living conditions; to tackle the inequitable distribution of power, money, and resources; and to measure and understand the problem—have been widely welcomed. As the commission itself...

There exists a disconnection between evolving policies in the policy arenas of mental health, housing, and income support in Canada. One of the complexities associated with analysing the intersection of these policies is that federal, provincial, and municipal level policies are involved. Canada is one of the few developed countries without a national mental health policy and because of the fed...

Control on regional government budgets is important in a monetary union as lower tiers of government have fewer incentives to consolidate debt. According to the Fiscal Theory of the Price Level; unsustainable non-Ricardian fiscal policies eventually force monetary policy to adjust. Hence, uncoordinated and non-regulated regional fiscal policies would therefore threaten price stability for the m...

Subnational governments play a key role responding to climate change risks in terms of policy strategies and instruments. This article analyzes how Brazilian municipal and state governments have developed and implemented public policies to mitigate and to adapt to climate change risks. We surveyed all cities’ and states’ climate policies within the country. The methodological approach includes ...

Should the Federal Reserve or any other government agency make precise statements about its policy objectives? Determining the proper amount of secrecy in government generates controversy whether the agency involved undertakes espionage, banking, or monetary policy. Between the broad areas of agreement (classifying military strategies, publishing legislation) lie equally broad areas of contenti...

This is the first in a series of articles to be published serially in the Psychiatric Bulletin on recent government policy and legislation. Each article will describe a different piece of legislation and place it in its international perspective, highlighting how it will affect individual psychiatric practice, users of mental health services and the working relationship with purchasers and mana...

In modern society, the importance of information is constantly growing. Human life has been diversely changed due to the volume expansion of information handling and distribution. The rapid growth and informatization of information and communications technology (ICT) could be the driver of the production and distribution of information in the real world. Also, it has greatly influenced the econ...