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Keywords:public policy OR Public policy OR Public Policy 

Journal Article
Rule of law and economic growth

International Economic Trends , Issue Aug

Conference Paper
Are the distinctions between debt and equity disappearing? An overview

Conference Series ; [Proceedings] , Volume 33 , Pages 1-11

Journal Article
Financial modernization and regulation

FRBSF Economic Letter

Disaggregated Data as a Tool of Inclusion

Rhonda Vonshay Sharpe, founder and president of the Women’s Institute for Science, Equity and Race, says disaggregating data leads to better policy and saves lives.
On the Economy

Conference Paper
The work response to a guaranteed income: a survey of experimental evidence

Conference Series ; [Proceedings] , Volume 30 , Pages 22-59

Working Paper
Marriage and divorce: changes and their driving forces

We document key facts about marriage and divorce, comparing trends through the past 150 years and outcomes across demographic groups and countries. While divorce rates have risen over the past 150 years, they have been falling for the past quarter century. Marriage rates have also been falling, but more strikingly, the importance of marriage at different points in the life cycle has changed, reflecting rising age at first marriage, rising divorce followed by high remarriage rates, and a combination of increased longevity with a declining age gap between husbands and wives. Cohabitation has ...
Working Paper Series , Paper 2007-03

Working Paper
Optimal policy with probabilistic equilibrium selection

This paper introduces an approach to the study of optimal government policy in economies characterized by a coordination problem and multiple equilibria. Such models are often criticized as not being useful for policy analysis because they fail to assign a unique prediction to each possible policy choice. We employ a selection mechanism that assigns, ex ante, a probability to each equilibrium indicating how likely it is to obtain. With this, the optimal policy is well defined. We show how such a mechanism can be derived as the natural result of an adaptive learning process. This approach ...
Working Paper , Paper 01-03

Speech
Economic inequality in the United States

Speech to the Center for the Study of Democracy 2006-2007 Economics of Governance Lecture, University of California, Irvine, November 6, 2006>
Speech , Paper 28

Report
Social insurance and transition

We study the general equilibrium effects of social insurance on the transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. As to be expected, adding social insurance to an economy without any improves welfare. Contrary to standard intuition, however, adding social insurance may slow transition. We show that this result depends crucially on general equilibrium interactions of interest rates and savings under alternative market structures.
Staff Report , Paper 202

Journal Article
The University of Minnesota as a public good

Fedgazette , Volume 13 , Issue Nov , Pages 19

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