The property of economic policies that their merits are relatively insensitive to the exact specification of the underlying model of the economy
A comprehensive analysis of computable general equilibrium models and their application in economic theory.
An in-depth exploration of cost-benefit analysis, including definition, historical context, and its application in various economic frameworks.
Definition and meaning of dynamic stochastic general equilibrium (DSGE), a class of theoretical models used in macroeconomics.
The argument that government policies should consider how decision rules of private agents change with policy changes.
An examination of natural experiments, which leverage exogenous changes to estimate the effects of a policy or variable shift.
Definition and meaning of opaque policy measures in economic policy.
A method of estimation designed to find the causal effect when a policy variable has discontinuities in the first derivative, or ‘kinks’.
A set of assumptions on policy choices and the values of exogenous variables to determine future economic developments.
Explanation of unintended results of policies in economics, known as side-effects.
