Policy Instruments for Reserves Management

2021 ◽  
pp. 150-166
Keyword(s):  
Policy Instruments

Macroprudential Policy Instruments of Central Banks

2012 ◽  
pp. 32-47
Author(s):  
S. Andryushin ◽  
V. Kuznetsova
Keyword(s):  
Systemic Risk ◽  
Financial Stability ◽  
Financial System ◽  
Policy Instruments ◽  
Central Banks ◽  
Macroprudential Policy ◽  
Policy Studies ◽  
The Future ◽  
Financial Cycles

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

Tax competition and the activity of the regional tax policy

2020 ◽  
pp. 5-27
Author(s):  
S. M. Drobyshevsky ◽  
N. S. Kostrykina ◽  
A. V. Korytin
Keyword(s):  
Tax Competition ◽  
Tax Policy ◽  
Fiscal Federalism ◽  
Policy Instruments ◽  
Tax Incentives ◽  
Fiscal Autonomy ◽  
Tax Legislation ◽  
Tax Exemptions ◽  
Open Question ◽  
Regional Budgets

The problem of efficiency of regional tax expenditures is an actual issue of the fiscal policy and fiscal federalism in Russia. A large fiscal autonomy allows federal subjects to realize a more active tax policy to attract new investments. One cannot claim current fiscal powers of the Russian regions to be wide. However, not all the regions use even existing tax policy instruments. Moreover, out of the regions that use them only few provide incentives to stimulate investment decisions. Others use regional tax measures to support businesses that already have strong positions in the region. And it is an open question whether such tax incentives are efficient. On the other hand, an aggressive tax competition for investors can also be wasteful for regional budgets. In this paper, we calculate indicators that characterize the depth and scope of tax exemptions provided at the regional level. The calculations are based on the open tax statistics. Through the analysis of the tax legislation as well as the economic structure of selected regions, we reveal the inducements of their higher activity: federal regional tax policy, tax competition or benefits for budget-forming companies of the region.

Implantação do aterro sanitário no município de Marituba-PA e os efeitos sobre as comunidades do entorno

2020 ◽  
Author(s):  
Moisés Rita Vasconcelos Júnior
Keyword(s):  
Solid Waste ◽  
Environmental Impacts ◽  
Urban Policy ◽  
National Policy ◽  
Policy Instruments ◽  
Social Impacts ◽  
Point Of View ◽  
Metropolitan Region ◽  
Technical Standards ◽  
Non Governmental Organizations

The municipality of Marituba, Metropolitan Region of Belém - RMB, has suffered environmental impacts due to irregularities in the landfill operation implemented in 2015, which triggered social impacts perceived by all the population, including neighboring municipalities, such as Ananindeua and Belém Protests were carried out by the Movement Outside the Garbage that is constituted by the dwellings of the surrounding neighborhoods to the place where the embankment is located, of owners of commercial activities linked to the tourism and Non Governmental Organizations that interrupted several times the transit of the main route that interconnects the seven municipalities of the RMB and the entrance of the embankment, in order to draw the attention of the municipal public power to the problems that the population would have been facing ever since. From this, the following questions arose: What social impacts would people be making in these protests? Would such problems be directly related to the activities carried out in the landfill? And finally, what are the actions of the public authority and the company that manages the enterprise in the management of these social impacts? The relevance of this study concerns not only the identification of social impacts considering the fragility of this approach in the Environmental Impact Studies and concomitantly in the Reports of Environmental Impacts, but also, from the point of view of the debate about the licensing process of enterprises of this nature and employment and the need for the joint use of environmental and urban policy instruments, considering that RMB municipalities have not yet used sustainable alternatives for the reduction of solid waste produced in their territories, as well as the reduction of environmental impacts caused by dumps , and in the case of Marituba, of the landfill that operates outside the standards established by the Brazilian Association of Technical Standards - ABNT, which is responsible for the management and treatment of solid waste and the National Policy on Solid Waste - PNRSN.

IMPLEMENTATION OF THE ECONOMIC CONCEPT OF A CLOSED CYCLE

2020 ◽  
Vol 2 (10) ◽  
pp. 4-10
Author(s):  
A. V. SAMOYLOV ◽  
◽  
A. P. DROZDOVA ◽  
S. M. MOLCHANOVA ◽  
◽  
...  
Keyword(s):  
Circular Economy ◽  
Renewable Energy Sources ◽  
Policy Instruments ◽  
Resource Consumption ◽  
Closed Cycle ◽  
Economy Model ◽  
Existing Problems ◽  
Economic Concept ◽  
Foreign Countries ◽  
Improved Design

The article discusses the basic principles of the implementation of the transition from a linear economy to a circular economy model. The article summarizes the existing problems that require solutions to create new jobs, increase economic growth, and create a balance between the economy, environment and population. The authors present examples of building a circular economy model in foreign countries. The importance of the tasks of implementing and promoting the circular economy was revealed, thanks to the involvement of all participants in the society in this process and the motivation for companies and investors. Effective tools for moving society towards a resource-efficient closed-cycle economy, increasing energy efficiency, energy conservation and reducing the energy intensity of the gross domestic product, due to the entry into a competitive level of renewable energy sources are investigated. The introduction of digital technologies and artificial intelligence in automated accounting of resource consumption, as well as the improvement of accounting rules will create opportunities for the end user to manage resource consumption taking into account the principles of a circular economy. The authors' study emphasizes that circular economy products and services should minimize resource use and promote reuse, recovery and recycling of materials in the future, leveraging existing product policy instruments, further support for the repair sector, improved design for reuse, and high-quality packaging recycling. The authors in the article propose to legislate the subsidizing of enterprises participating in the circular chain and subsidizing innovative developments in the field of the circular economy in the Russian Federation.

Career Guidance: Living on the Edge of Public Policy

2020 ◽  
Author(s):  
John McCarthy ◽  
Tibor Bors Borbély-Pecze
Keyword(s):  
Public Policy ◽  
Social Inclusion ◽  
Career Guidance ◽  
Evaluation Studies ◽  
National Level ◽  
Policy Instruments ◽  
Economic Incentives ◽  
Policy Formation ◽  
Education And Employment

Public policy formation and implementation for career guidance provision are complex issues, not least because in most countries career guidance is a peripheral part of legislation for education, employment, and social inclusion. Policy solutions are compromises by nature. Regulations and economic incentives are the main policy instruments for career guidance provision, but there is often incoherence between the intentions of the regulations and the economic incentives provided for policy implementation. The intermediary organizations that serve to implement policy add significant variability to policy effects. International bodies and organizations have shown significant interest in the role of career guidance in education and employment policies through the undertaking of policy reviews, the formulation of recommendations for career guidance, and, in some cases, providing economic incentives to support their implementation. However, there is a dearth of evaluation studies of policy formation and implementation at the national level.

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