SOCIAL ECONOMY IN THE CO-CONSTRUCTION OF PUBLIC POLICY

ABSTRACT:  In this paper, I focus on the contribution of the social economy to the democratization of the State and of public policy by making use of the distinction between the concepts of co-production and co-construction. In part one, I clarify the meanings given to various concepts. In particular, I pay attention to the idea of a co-production of public policy. This concept relates to the organizational dimension of policy and enables a contextualization of the participation of both civil society stakeholders and market forces in the implementation of services to the public. In part two, I discuss the concept of co-construction which relates to the institutional dimension of public policy and enables an analysis of how both civil society stakeholders and market forces are defining public policies. While the co-construction of public policy can produce various types of outcomes, I favor a solidarity-based model in which the State is open to forms of governance inclusive of the contributions of civil society stakeholders and market forces. This type of co-construction is fitting with a concern for the general interest and is ready to use the resources of the social economy. In part three, I review the housing policy case study in Canada and Quebec during the last twenty years. Three observations emerge from this case study: 1) the presence of both co-production and co-construction in public housing policy; 2) an active presence of the social economy such as co-operatives and non-profit organizations; 3) this active presence of the social economy has helped to produce a number of social innovations that have improved the democratization of public policy in the housing field.     

开放经济条件下货币政策分析框架的选择

作为封闭经济条件下IS-LM模型和IS-LM-AS模型在开放经济中的拓展,M-F模型和M-F-D模型成为20世纪60—90年代开放经济宏观经济分析的工作母机。在研究开放经济中的货币问题时,M-F和M-F-D模型由于其简单明了、易于处理等优点,仍然是优先的分析工具选择。而作为M-F和M-F-D模型的新近发展,新开放经济宏观经济学框架在目前来说还难以运用于转型经济的货币政策研究。     

后危机时代世界经济再平衡及其挑战

基于对世界经济失衡问题的基本判断,本文分析了世界经济相对均衡发展的图景、全球经济的需求结构、虚拟经济与实体经济适度发展以及国际货币体系重构等世界经济再平衡过程中必须面对的突出问题。本文指出,世界各国尤其是中美等主要经济体的国内均衡将是实现世界经济再平衡的前提和基础。本文最后探讨了美国、日欧、石油出口国与中国等国家的经济发展模式转变及其面临的挑战。     

美国对华贸易政策的决策和形成因素-以PNTR议案投票结果为例的政治经济分析

本文运用贸易政治经济学的分析框架,对2000年美国国会投票表决是否给予中国永久性正常贸易关系(PNTR)地位这一事件进行经验检验,以此来分析国会议员的投票行为(直接决定了对华贸易政策的形成)受哪些因素影响,并指出这些影响因素的重要程度。通过分析,我们得出如下结论:美国对华贸易政策是政府和利益集团共同作用的均衡结果,议员的个人因素在政策的决策过程中几乎不能发生任何作用,经典贸易模型所预测的不同群体对贸易自由化的态度不能完全被议案的投票结果所证实。     

THE TRANSMISSION OF MONETARY POLICY IN A MULTISECTOR ECONOMY*

This article constructs and estimates a sticky‐price, Dynamic Stochastic General Equilibrium model with heterogeneous production sectors. Firms in different sectors vary in their price rigidity, production technology, and the combination of material and investment inputs. In particular, firms buy inputs from all sectors using the actual Input–Output Matrix and Capital Flow Table of the U.S. economy. By relaxing the standard assumption of symmetry, this model allows idiosyncratic sectoral dynamics in response to monetary policy shocks. The model is estimated by the Generalized Method of Moments using sectoral and aggregate U.S. time series.     

THE NONPROFIT SECTOR OF THE U.S. ECONOMY: A METHODOLOGICAL STATEMENT

United States input-output accounts identify and measure the interrelationships between the various industries in the United States economy. However, these accounts do not identify nonprofit activities from their for-profit counterparts in the service-producing sector. This paper, prepared by Gabriel Rudney and Paula Young, presents the methodology and summary data produced by disaggregating the service-producing industries to identify separately nonprofit activities.
The input-output accounts for 1977 produced in this study include 107 industries, but in this paper the results are summarized into 14 industries showing only nonprofit and for-profit components. The GNP and total outputs in this study are consistent with the revised input-output accounts for 1977 prepared by the U.S. Department of Commerce, Bureau of Economic Analysis.     

改革开放以来珠江三角洲工业结构的演变

改革开放以来,伴随着经济的快速发展和工业化的加快推进,珠江三角洲的工业结构发生了显著变化。文章在对其工业总产值和工业增加值进行分析的基础上,从轻重工业结构、支柱工业结构和区域内部工业结构差异等诸多方面,对演变进行实证、动态的分析,研究结果表明珠江三角洲工业结构优化过程明显,已进入到工业化中期阶段,呈重化工化趋势。     

ESTIMATES OF THE AGGREGATE QUARTERLY CAPITAL STOCK FOR THE POST-WAR U.S. ECONOMY

We construct quarterly aggregate gross and net capital stock series for the post-war U.S. economy using annual capital stock, capital depreciation, and capital discard figures along with quarterly investment series. We construct nominal and real measures of all three categories in the aggregate capital stock: consumer durable goods, producer durable goods, and business structures. In constructing the nominal series we take into account the changes in capital goods' prices. The series are constructed using four different methods. Using time- and frequency-domain techniques, we compare the constructed series and characterize their short-run, business cycle, and long-run cyclical properties. We find that the constructed series exhibit very different cyclical and shock persistence dynamics. Practial implications are discussed.     

ADAPTIVE LEARNING AND MONETARY POLICY IN AN OPEN ECONOMY: LESSONS FROM JAPAN

Abstract. Motivated by Japan's economic experiences in recent decades, we incorporate adaptive learning into an open economy dynamic stochastic general equilibrium model to examine the volatility and welfare impact of alternative monetary policies. Comparing four Taylor‐styled policy rules that reflect Japan's monetary policy debates, we first show that imperfect knowledge and the associated learning process induce higher volatility in the economy and that explicit exchange rate stabilization is unwarranted. Moreover, contrary to results under the rational expectation paradigm, we find that while tight inflation controls raise output volatility, they can improve overall welfare under learning by smoothing inflation fluctuations.     

COMPETING EXPLANATIONS OF U.S. DEFENSE INDUSTRY CONSOLIDATION IN THE 1990s AND THEIR POLICY IMPLICATIONS

Was the consolidation of defense industry in the 1990s driven by U.S. Department of Defense (DOD) directives, or was it driven instead by the same forces that drove consolidation in many other sectors of the U.S. economy in the 1990s? To better understand the roles of DOD policy and economy‐wide forces in shaping the U.S. defense industry, we test for structural breaks in defense industry and spending data and compare our findings to those relating to other sectors and the general economy. We identify structural breaks in the defense‐related data in the early 1980s and throughout the 1990s, roughly consistent with changes in the U.S. economy, including broader merger trends. Overall, our results are more consistent with the view that economy‐wide factors drove defense industry consolidation, largely independent of the DOD policy changes that occurred early in the 1990s. (JEL E0, C2, H0)     

建党百年之际率先开启常态化进程的中国宏观经济

2021年是中国共产党建党一百周年,是在党的坚强领导下中国经济持续复苏并在全球范围内率先开启常态化进程的关键一年。作为十四五规划的开局之年、两个百年目标交汇与战略转换之年,2021年中国宏观经济实现全面常态化具有十分重要的战略意义。本文重点分析了中国经济开启常态化进程的核心特征表现、面临的内外部压力以及政策性支撑力量。通过定性判断与设定系列参数,本文利用中国人民大学中国宏观经济分析与预测模型（CMAFM模型）对2021年中国宏观经济核心指标进行了预测。最后,基于定性判断和数值预测,本文提出了系列政策建议。     

SCALE EFFECT VERSUS INDUCED POLICY RESPONSE IN THE ENVIRONMENTAL KUZNETS CURVE: THE CASE OF U.S. WATER POLLUTION

The environmental Kuznets curve (EKC) could arise from the scale effect in abatement technology as emphasized by Andreoni and Levinson (2001) or from the induced policy response as suggested by Grossman and Krueger (1995). This paper incorporates these two contrary views into a model and quantitatively evaluates their relative importance in shaping the EKC of U.S. water pollution. Our main findings include: (a) some scale effect in abatement technology must exist, otherwise the turning point of the EKC will be unreasonably high; (b) the scale effect alone is not sufficient to explain the practical occurrence of the turning point of the EKC; and (c) the scale effect features critically in the induced policy response as well. (JEL H41, O40, Q20)