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作者：Fleck, Robert K.
作者单位：Montana State University System; Montana State University Bozeman
摘要：What conditions cause major policy changes under representative government? This article addresses that question by providing a theoretically grounded analysis of a massive policy change: the New Deal. It explains how the economic problems of the early 1930s initiated changes on several dimensions of policy: federal spending, labor market regulation, and civil rights. The article concludes by considering the broader lessons learned from the political economy of the New Deal.
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作者：Davis, Lucas W.
作者单位：University of Michigan System; University of Michigan
摘要：In 1989, the government of Mexico City introduced a program, Hoy No Circula, that bans most drivers from using their vehicles one weekday per week on the basis of the last digit of the vehicle's license plate. This article measures the effect of the driving restrictions on air quality using high-frequency measures from monitoring stations. Across pollutants and specifications there is no evidence that the restrictions have improved air quality. Evidence from additional sources indicates that t...
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作者：Correia, Isabel; Nicolini, Juan Pablo; Teles, Pedro
作者单位：Universidade Catolica Portuguesa; Banco de Portugal
摘要：In this article, we analyze the implications of price-setting restrictions for the conduct of cyclical fiscal and monetary policy. We consider standard monetary economies that differ in the price-setting restrictions imposed on the firms. We show that, independently of the degree or type of price stickiness, it is possible to implement the same efficient set of allocations and that each allocation in that set is implemented with policies that are also independent of the price stickiness. In th...
