Determine the term uncertainty - policy process, Business Law and Ethics

Determine the term Uncertainty - Policy process

We know that uncertainty is one of main influencing factor in policy process and especially in coordination of economic policies. With government's using different models they may be unable to agree on the most appropriate agreement, and negotiations may break down. This may involve two separate aspects. First, governments may view all the available models as being essentially plausible, and so base their policy proposals on some weighted average of their forecasts. Second, they may actively seek to learn which model, if any is true. This will involve governments updating their beliefs about the true economic model using their observations of macroeconomic variables. Given these responses to model uncertainty the performance of economies with coordinated, rather than uncoordinated, policies improves substantially. Indeed such arguments may actually reverse Frenkel and Rockett's conclusions and suggest that the case of cooperation is strengthened given the presence of model uncertainty.


Posted Date: 10/1/2013 2:41:56 AM | Location : United States

Related Discussions:- Determine the term uncertainty - policy process, Assignment Help, Ask Question on Determine the term uncertainty - policy process, Get Answer, Expert's Help, Determine the term uncertainty - policy process Discussions

Write discussion on Determine the term uncertainty - policy process
Your posts are moderated
Related Questions
Rights of inspection: The registers and documents are subject to the following rights of inspection: (a)     The company's members are entitled to inspect them, free of cha

Hi Dear, Could you please do my online quiz in Business Law. This is a 10 question quiz, made up of a combination of multiple choice and true/false type questions. You have 12 min

Question 1: (a) What is "The Common Law"? (b) What are the virtues of the Common Law? Question 2: (a) Name the three facets of "the concept of justice". (b) E

QUESTION (a) List eight main objectives of tax treaties (b) Explain carefully how cases of dual residence for both individuals and companies would be resolved by the applica

Q. Liability based definition of phoenix activity? The definition used by Treasury, and used as a working definition for this project, focuses on the intent with which phoenix

Hirer Requires Information from the Owner Conversely the hirer requires some information from the owner whether he should send him a written request so and then like pay to hi

Question  How does the RTL Code define a 'conflict of interest'?  Give one example of how the RTL Code suggests a conflict of interest may arise.

Reconstruction Under S.280: The essential features of this type of reconstruction have been described at 8.2.1(b).  It is subject to several disadvantages and is little used.

Necessity - Law of Agency and Partnership Therefore an agency of necessity may subsist either domestic or commercial: Commercial Agency of Necessity: Although

APPLICATION OF THE UNWRITTEN SOURCES OF ENGLAND LAW: Conversely it is a rule of England Law that unwritten laws are to be applied subject to the provisions' that any applicabl