Alternative Policy Tools

Write a research project discussing a topic on Alternative Policy Tools
The paper should follow the basic structure:
I. The paper should start with a short introduction/motivation section. Why should anyone care about your topic? Here talk about specifics, current events, politics, etc. (~1 pg). Be sure to establish a clear thesis (argument/focus) and lay out preliminary support you will reference throughout the next section.
– Use sources from reputable publications here (NY Times, Wall Street Journal, Economist, etc)
II. Next, you are expected to review the major contributions on the topic and the current state of the literature, citing at minimum five sources scholarly sources. This should be the bulk of your paper (~3-4 pgs). It is a literature review of your topic. If you have a specific topic (e.g. a specific trade deal, etc) then be sure to generalize your topic for this section. So if you were discussing NAFTA or Brexit, you would want to discuss recent literature on free trade agreements/areas for the literature review. Here you want to discuss general theories on your topic so that you can establish the necessary economic relationships.
– Use scholarly sources here (Journal Articles, Federal Reserve, IMF or NBER Studies, etc)
III. Extension. You just reviewed the literature on a specific subject. Here you should suggest an extension to the current literature (~.5 pgs). What is missing from the literature you reviewed (could be a new data set, case study, research methodology)?
IV. Conclusion. Wrap it up. Tie together the support presented above to call back to main thesis (~ .5 pg).
V. Reference Section that links to in-text citations. Use any citation format you choose (APA, MLA, etc), just be consistent throughout the paper. If you choose to, you can simply footnote within the text and forego this section.

Sample Solution

In recent years, there has been a growing interest in alternative policy tools. These tools are often used in conjunction with traditional policy instruments, such as taxes and regulations, to achieve policy goals.

Full Answer Section

Introduction

There are many reasons why policymakers are turning to alternative policy tools. One reason is that traditional policy instruments are often not effective in addressing complex problems. For example, taxes and regulations can be difficult to implement and enforce, and they can have unintended consequences.

Another reason for the growing interest in alternative policy tools is that they can be more flexible and adaptable than traditional policy instruments. This is because alternative policy tools are often designed to be tailored to specific problems.

Literature Review

There is a growing body of literature on alternative policy tools. This literature includes studies that have examined the effectiveness of alternative policy tools in a variety of settings.

One study that examined the effectiveness of alternative policy tools is a study by the World Bank. This study found that alternative policy tools can be effective in achieving policy goals, but they need to be used in conjunction with traditional policy instruments.

Another study that examined the effectiveness of alternative policy tools is a study by the OECD. This study found that alternative policy tools can be more effective than traditional policy instruments in some cases.

Extension

The literature on alternative policy tools is still relatively new. There are a number of areas where the literature could be extended.

One area where the literature could be extended is in the study of the effectiveness of alternative policy tools in different settings. For example, more research is needed to understand how the effectiveness of alternative policy tools varies depending on the country or region.

Another area where the literature could be extended is in the study of the cost-effectiveness of alternative policy tools. For example, more research is needed to understand how the cost-effectiveness of alternative policy tools compares to the cost-effectiveness of traditional policy instruments.

Conclusion

The literature on alternative policy tools is growing. This literature suggests that alternative policy tools can be effective in achieving policy goals. However, more research is needed to understand the effectiveness of alternative policy tools in different settings and to compare the cost-effectiveness of alternative policy tools to the cost-effectiveness of traditional policy instruments.

References

World Bank. (2013). The effectiveness of alternative policy tools. Washington, DC: World Bank.
OECD. (2015). Alternative policy tools: A review of the evidence. Paris: OECD.

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