| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10025 |
| 来源ID | Working Paper 10025 |
| Policy Evaluation in Uncertain Economic Environments | |
| William A. Brock; Steven N. Durlauf; Kenneth D. West | |
| 发表日期 | 2003-10-13 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this perspective, the common practice of conditioning on a particular model is often inappropriate, since model uncertainty is an important element of policy evaluation. We advocate the use of model averaging to account for model uncertainty and show how it may be applied to policy evaluation exercises. We illustrate our approach with applications to monetary policy and to growth policy. |
| 主题 | Econometrics ; Estimation Methods |
| URL | https://www.nber.org/papers/w10025 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567649 |
| 推荐引用方式 GB/T 7714 | William A. Brock,Steven N. Durlauf,Kenneth D. West. Policy Evaluation in Uncertain Economic Environments. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10025.pdf（513KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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