Found 4 article(s) for author 'Public Finance'

Optimal Taxation and Insurance Using Machine Learning

Optimal Taxation and Insurance Using Machine Learning. Maximilian Kasy, April 10, 2017, Paper, “How should one use (quasi-)experimental evidence when choosing policies such as tax rates, health insurance copay, unemployment benefit levels, class sizes in schools, etc.? This paper suggests an approach based on maximizing posterior expected social welfare, combining insights from (i) optimal policy theory as developed in the field of public finance, and (ii) machine learning using Gaussian process priors. We provide explicit formulas for posterior expected social welfare and optimal policies in a wide class of policy problems.Link

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The Sinister Side of Cash

The Sinister Side of Cash. Kenneth Rogoff, August 25, 2016, Opinion, “When I tell people that I have been doing research on why the government should drastically scale back the circulation of cash—paper currency—the most common initial reaction is bewilderment. Why should anyone care about such a mundane topic? But paper currency lies at the heart of some of today’s most intractable public-finance and monetary problems. Getting rid of most of it—that is, moving to a society where cash is used less frequently and mainly for small transactions—could be a big help.Link

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Impact Evaluation Methods in Public Finance A Brief Introduction to Randomized Evaluations and Comparison with Other Methods

Impact Evaluation Methods in Public Finance: A Brief Introduction to Randomized Evaluations and Comparison with Other Methods. Dina Pomeranz, May 2015, Paper. “Recent years have seen a large expansion in the use of rigorous impact evaluation techniques. Increasingly, public administrations are collaborating with academic economists and other quantitative social scientists to apply such rigorous methods to the study of public finance. These developments allow for increasingly reliable measurements of the effects of different policy options on the behavioral responses of citizens, firm…” Link

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The Pathology of Europe’s Debt

The Pathology of Europe’s Debt. Benjamin Friedman, October 9, 2014, Paper. “The article focuses on debt crisis experienced by European Union countries in global financial crisis of 2008-2009. It highlights that the European Central Bank (ECB) lowered the interest rates and provided cheap loans to maintain money flows between European banks. It presents views of American economist James Tobin on the same and highlights supports given by France and Germany to governments of Portugal and Greece, allowing them to…” Link

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