eBook - PDF

The Theory of Economic Policy in a Strategic Context

Name: The Theory of Economic Policy in a Strategic Context
ISBN: 9781139786652

Nicola Acocella,

Giovanni Di Bartolomeo,

Andrew Hughes Hallett,

English
PDF
Available on iOS & Android

eBook - PDF

The Theory of Economic Policy in a Strategic Context

Nicola Acocella,

Giovanni Di Bartolomeo,

Andrew Hughes Hallett,

About this book

In 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.

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Yes, you can access The Theory of Economic Policy in a Strategic Context by Nicola Acocella,Giovanni Di Bartolomeo,Andrew Hughes Hallett in PDF and/or ePUB format, as well as other popular books in Economics & Economic Policy. We have over one million books available in our catalogue for you to explore.