Adventures in COVID-19 Policy Modeling: Education Edition

The eastward enlargement of the Euro area entails significant implications for the accession candidates in Central and Eastern Europe (CEE), the existing Euro system and the monetary policy of the European Central Bank (ECB). The present analysis assesses the challenges and critical aspects in monetary policy modeling with special emphasis to enlargement. The focus is on the difficulty of implementing a unique currency policy in view or growing heterogeneity within the enlarged monetary union, and secondly - the issue of the voting mechanism within the ECB. When analyzing those two issues, it is conclusive that the difficulties for the ECB and the current Euro zone members will increase. For the enlarged Euro zone, which is becoming more divergent, it will be very hard to find adequate recipes to meet the needs and requirements of all. The big question is: whether centralization of monetary policy is a sustainable and superior solution?.

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1.7. Policy modeling: An overview

Energy ◽

10.1016/0360-5442(90)90083-e ◽

1990 ◽

Vol 15 (3-4) ◽

pp. 203-206 ◽

Cited By ~ 5

Author(s):

John P. Weyant

Keyword(s):

Policy Modeling

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POLICY MODELING TO SUPPORT ADMINISTRATIVE DECISIONMAKING ON THE NEW YORK STATE HIV TESTING LAW

Journal of Policy Analysis and Management ◽

10.1002/pam.21797 ◽

2014 ◽

Vol 34 (2) ◽

pp. 403-423 ◽

Cited By ~ 7

Author(s):

Erika G. Martin ◽

Roderick H. MacDonald ◽

Lou C. Smith ◽

Daniel E. Gordon ◽

James M. Tesoriero ◽

...

Keyword(s):

New York ◽

Hiv Testing ◽

New York State ◽

Policy Modeling ◽

York State

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Transport and Climate Policy Modeling the Transport Sector: The Role of Existing Fuel Taxes in Climate Policy

Energy and Environment ◽

10.1007/0-387-25352-1_9 ◽

2005 ◽

pp. 211-238 ◽

Cited By ~ 4

Author(s):

Sergey Paltsev ◽

Henry D. Jacoby ◽

John M. Reilly ◽

Laurent Viguier ◽

Mustapha Babiker

Keyword(s):

Climate Policy ◽

Transport Sector ◽

Policy Modeling ◽

Fuel Taxes

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Globalization of capital, erosion of economic policy sovereignty, and the lessons from John Maynard Keynes

Review of Keynesian Economics ◽

10.4337/roke.2021.04.04 ◽

2021 ◽

Vol 9 (4) ◽

pp. 512-520

Author(s):

Biagio Bossone

Keyword(s):

Financial Markets ◽

International Markets ◽

Macroeconomic Policies ◽

John Maynard Keynes ◽

Policy Modeling ◽

Global Context ◽

Key Policy ◽

Global Investors ◽

National Governments ◽

Globalized World

This article observes that current macroeconomic policy modeling, centered on domestic agents or agencies, fails to recognize the role that global investors play in determining the space for effective domestic macroeconomic policies, and argues that these actors must be brought to the center of macro analysis if one wants to understand how policies work in the global financial context. The article describes the key features of global investors, discusses their power to determine the prices at which public-sector liabilities (money and debt) trade in the international markets, and considers how this power affects the effectiveness of macroeconomic policies by national governments. As a result, no government is truly sovereign in a globalized world, and every government is subject to an intertemporal budget constraint (IBC), although, of course, not all governments are born equal and not all IBCs are equally binding: government IBCs are elastic, endogenous to global investor decisions, and yet ineluctable. The article concludes that choosing the correct country policy stance in today's financial global context would benefit from revisiting some of the key policy lessons that John Maynard Keynes left with us, considering his deep knowledge of global financial markets and how they affect country economies.

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Information Visualization and Policy Modeling

Advances in Electronic Government, Digital Divide, and Regional Development - Handbook of Research on Advanced ICT Integration for Governance and Policy Modeling ◽

10.4018/978-1-4666-6236-0.ch011 ◽

2014 ◽

pp. 175-215

Author(s):

Kawa Nazemi ◽

Martin Steiger ◽

Dirk Burkhardt ◽

Jörn Kohlhammer

Keyword(s):

Big Data ◽

Life Cycle ◽

Information Visualization ◽

Policy Design ◽

Reference Model ◽

Main Idea ◽

Human Interaction ◽

The Political ◽

Policy Modeling ◽

The Right

Policy design requires the investigation of various data in several design steps for making the right decisions, validating, or monitoring the political environment. The increasing amount of data is challenging for the stakeholders in this domain. One promising way to access the “big data” is by abstracted visual patterns and pictures, as proposed by information visualization. This chapter introduces the main idea of information visualization in policy modeling. First abstracted steps of policy design are introduced that enable the identification of information visualization in the entire policy life-cycle. Thereafter, the foundations of information visualization are introduced based on an established reference model. The authors aim to amplify the incorporation of information visualization in the entire policy design process. Therefore, the aspects of data and human interaction are introduced, too. The foundation leads to description of a conceptual design for social data visualization, and the aspect of semantics plays an important role.

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