Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298109 
Year of Publication: 
2023
Series/Report no.: 
Discussion Paper No. 276
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
Abstract: 
The paper exploits a simulation environment and its output indicators to compare the performance of "ex-ante" policy instruments across housing and social welfare domains. We create a progressive score to contrast six single and mixed policy instruments against a no-policy baseline. The multiple simulation results include indicators for distinct instruments, cities, and policy goals. The exercise provides a counterfactual arena where we explore public investment trade-offs quantitatively and empirically - which constitutes a rare (usually impossible) policy practice. We demonstrate with data that policymakers may avoid incongruities by defining: i) which policy instrument; ii) to apply where; and iii) towards which goal (why). Results suggest that a mixed policy instrument evaluated by a comprehensive indicator performs better overall. However, optimal policy classification changes when considering different places or goals.
Subjects: 
Public policy
policy mix
policy design
policy instruments
agent-based model
JEL: 
R23
R31
C63
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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