The theory of economic policy in a strategic context:
Saved in:
Bibliographic Details
Main Authors: Acocella, Nicola 1939- (Author), Di Bartolomeo, Giovanni 1969- (Author), Hughes Hallett, Andrew 1947- (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2013
Subjects:
Online Access:UBY01
Item Description:Includes bibliographical references and indexes
"Developing a new and highly innovative theory of economic policy, this book deals with conflicts between strategic actions by public and private agents. It builds on the Lucas critique but also applies the tools introduced by Tinbergen and Theil to dynamic policy games and from there derives a new theory of economic policy. Its main propositions describe such properties in the models currently used for policy-making as neutrality and equilibrium existence; uniqueness; and multiplicity. These properties are key to understanding the impact of concepts such as rational expectations, time inconsistency, communication and the use of policy announcements. As the numerous examples show, they are useful both for model building and for devising optimal institutions. The Theory of Economic Policy in a Strategic Context is an essential but accessible tool for economic researchers involved in policy questions"--
Physical Description:1 Online-Ressource (XIV, 351 Seiten)
ISBN:9781139782807

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection!