A Safe-Asset Perspective for an Integrated Policy Framework

Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on their economies. We develop an empirically-oriented New Keynesian model to evaluate and quantify how using multiple policy tools can potentially improve monetary policy tradeoffs. Our model embeds nonlinear balance sheet channels and includes a range of empirically-relevant frictions. We show that FXI and CFMs may improve policy tradeoffs under certain conditions, especially for economies with less well-anchored inflation expectations, substantial foreign currency mismatch, and that are more vulnerable to shocks likely to induce capital outflows and exchange rate pressures.

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Toward an Integrated Policy Framework

Policy Papers ◽

10.5089/9781513558769.007 ◽

2020 ◽

Vol 20 (46) ◽

Author(s):

Keyword(s):

Capital Flows ◽

Structural Characteristics ◽

Optimal Path ◽

Careful Consideration ◽

Policy Framework ◽

Fiscal Policies ◽

Inappropriate Use ◽

Integrated Policy ◽

External Stabilization ◽

Institutional View

Policymakers often face difficult tradeoffs in pursuing domestic and external stabilization objectives. The paper reflects staff’s work to advance the understanding of the policy options and tradeoffs available to policymakers in a systematic and analytical way. The paper recognizes that the optimal path of the IPF tools depends on structural characteristics and fiscal policies. The operational implications of IPF findings require careful consideration. Developing safeguards to minimize the risk of inappropriate use of IPF policies will be essential. Staff remains guided by the Fund’s Institutional View (IV) on the Liberalization and Management of Capital Flows.

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Resilient companies in the time of Covid-19 pandemic: a case study approach

Journal of Entrepreneurship and Public Policy ◽

10.1108/jepp-03-2021-0021 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Chiara Acciarini ◽

Paolo Boccardelli ◽

Mario Vitale

Keyword(s):

Policy Framework ◽

Organizational Resilience ◽

Case Study Approach ◽

Structured Interviews ◽

Strategic Responses ◽

Unexpected Events ◽

Content Type ◽

Study Approach ◽

Integrated Policy

PurposeThe Covid-19 pandemic represents an extraordinary and unpredictable event influencing the whole economy and society. Using a case study approach, the authors explored how big companies operating in Italy were able to respond to the crisis to ensure business continuity. Therefore, the authors discussed different business disruptions caused by Covid-19; in addition, they developed an integrated policy framework in which they proposed specific strategic responses for increasing the level of organizational resilience. The aim of the paper is to discuss and reflect on the ability of specific companies to increase their level of organizational resilience when unexpected events happen.Design/methodology/approachThe authors conducted semi-structured interviews with target CEOs of four major companies operating in Italy in different industries. Especially, the authors focused on multiutilities, media and communications, investment banking and mobile telecommunications. The interviews were based on questions dealing with Covid-19 implications and strategic responses to navigate this complex scenario.FindingsBased on the CEOs' contributions, the authors presented short-term actions and long-term strategies planned and implemented by each Italian company. In particular, the authors emphasized similarities and dissimilarities in terms of strategic responses and future business development.Originality/valueThe analysis of practical cases was helpful for increasing their knowledge on organizational resilience and for providing the managerial community with a policy framework to navigate unexpected events like the Covid-19 pandemic.

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Governance, technology, and equity: An integrated policy framework for energy efficient housing

Energy Policy ◽

10.1016/j.enpol.2011.11.039 ◽

2012 ◽

Vol 41 ◽

pp. 733-741 ◽

Cited By ~ 37

Author(s):

Oleg Golubchikov ◽

Paola Deda

Keyword(s):

Energy Efficient ◽

Policy Framework ◽

Integrated Policy

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An integrated policy framework and plan of action to prevent and control plant invasions in India

Environmental Science & Policy ◽

10.1016/j.envsci.2021.06.003 ◽

2021 ◽

Vol 124 ◽

pp. 64-72

Author(s):

Achyut Kumar Banerjee ◽

Anzar Ahmad Khuroo ◽

Katharina Dehnen-Schmutz ◽

Vidushi Pant ◽

Chinmay Patwardhan ◽

...

Keyword(s):

Control Plant ◽

Plant Invasions ◽

Policy Framework ◽

Integrated Policy ◽

And Control

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A Quantitative Model for the Integrated Policy Framework

SSRN Electronic Journal ◽

10.2139/ssrn.3670605 ◽

2020 ◽

Author(s):

Tobias Adrian ◽

Christopher Erceg ◽

Jesper Lindé ◽

Pawel Zabczyk ◽

Jianping Zhou

Keyword(s):

Quantitative Model ◽

Policy Framework ◽

Integrated Policy

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Urgent need for an integrated policy framework for biodiversity loss and climate change

Nature Ecology & Evolution ◽

10.1038/s41559-020-1242-2 ◽

2020 ◽

Vol 4 (8) ◽

pp. 996-996

Author(s):

Chris Turney ◽

Anne-Gaelle Ausseil ◽

Linda Broadhurst

Keyword(s):

Climate Change ◽

Biodiversity Loss ◽

Policy Framework ◽

Integrated Policy

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The energy-mobility system in transition: The case of the Swiss Federal Railways

Competition and Regulation in Network Industries ◽

10.1177/1783591720954118 ◽

2020 ◽

Vol 21 (4) ◽

pp. 367-379

Author(s):

Paul Adrianus van Baal ◽

Matthias Finger

Keyword(s):

Green Infrastructure ◽

Policy Framework ◽

Infrastructure Management ◽

Rail Network ◽

System Operator ◽

Mobility System ◽

Regulatory Approach ◽

Integrated Policy ◽

Private And Public ◽

Technological Developments

A convergence of the electricity and the transportation sectors can be observed, with private and public transport being increasingly electrified and with aggregated electricity demand and storage being increasingly operated as flexible assets. At the same time, sustainability concerns are driving systemic changes in both systems. This article introduces the concept of the energy-mobility system, which is a result of this convergence, and proposes an integrated framework for policy and governance of the energy-mobility system. The framework focuses on cross-sectoral policy ambitions related to climate change mitigation, namely reducing energy consumption, electrifying fossil fueled transport, decarbonizing electricity generation, promoting resilience, and integrating green infrastructure management. Public policy and the corresponding regulation are no longer conceptualized and executed in each sector separately. An integrated policy framework is indeed needed for the energy-mobility system, so that the institutions remain relatively aligned with the technological developments. The requirements for effective governance of the energy-mobility system are then discussed, which include an energy-mobility system operator. The potential for the policy and governance framework is addressed through a case study of the Swiss Federal Railways, which as the owner and operator of a fully electrified rail network and associated electricity infrastructure is already close to taking up such a role. While the Swiss case is unique, it can offer insight for other countries developing their regulatory approach to the convergence of the energy and mobility systems.

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Is there a need for greater integration and shift in policy to tackle food waste? Insights from a review of European Union legislations

SN Applied Sciences ◽

10.1007/s42452-020-3147-8 ◽

2020 ◽

Vol 2 (8) ◽

Cited By ~ 1

Author(s):

Mattias Eriksson ◽

Simone Giovannini ◽

Ranjan Kumar Ghosh

Keyword(s):

European Union ◽

Waste Management ◽

Food Waste ◽

Policy Issue ◽

Fiscal Rules ◽

Policy Framework ◽

The European Union ◽

Management Options ◽

Waste Minimisation ◽

Integrated Policy

AbstractWithin the European Union, there is an increasing recognition about the negative environmental impacts of food waste making it a prominent policy issue. But there is no clarity whether policies aimed at food waste minimisation are based on sound legislative frameworks that actually empower the relevant actors. By carefully reviewing existing European Union legislations that are linked directly or indirectly to food waste, we identify the difficulties encountered by stakeholders and assess whether adaptations to the rules-in-use are beneficial and desirable. Our general finding is that liability for donated foodstuffs, date marking provisions, the flexibility principle provided by the European Union Hygiene Package and fiscal rules are the main policy elements affecting, either positively or negatively, food waste generation and management. Food donation for charitable purposes emerges as the predominant Pan-European Union waste management solution. While removing existing barriers for food donors and banks is fundamental—as it makes redistribution more effective—this does not tackle prevention of excess food generation. We conclude that while there are several European Union food legislations which include and impact food waste management options, they are hardly direct. Moreover, they often generate incentives that are at odds across stakeholders, thereby dampening the intended impact. There is, therefore, need for an integrated policy framework to tackle food waste specifically. For that to happen though, a pre-requisite is lot more empirical research on the interaction effects of various food waste legislations.

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