A Proposal for Future SBE/NSF Funded Research: Refocusing Microeconomic Policy Research
5 Pages Posted: 12 Aug 2011
Date Written: 2010
How can the NSF harness large and vital research efforts in econometrics and economic theory to address our era's most important microeconomic, social and climate policy questions? The goal presented in this white paper is to refocus the economics profession's more technical fields of inquiry on ideas and tools that are relevant to policy, while making sure that the most useful newly developed ideas and tools are actually adopted in policy analysis. Examples of applications include bio-fuels/global warming, health care reform and education choice. Policy analysis in each of these examples requires the use of econometrics and economic theory together with a well-informed understanding of institutions and policy. Increased “cross-sub-disciplinary” efforts within economics and allied fields could have important social payoffs.
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