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The Theory of Economic Policy in a Strategic Context
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The Theory of Economic Policy in a Strategic Context Hardcover - 2012 - 1st Edition

by Nicola Acocella; Giovanni Di Bartolomeo; Andrew Hughes Hallett


From the publisher

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.

Details

  • Title The Theory of Economic Policy in a Strategic Context
  • Author Nicola Acocella; Giovanni Di Bartolomeo; Andrew Hughes Hallett
  • Binding Hardcover
  • Edition number 1st
  • Edition 1
  • Pages 363
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press
  • Date 2012-12
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index
  • ISBN 9781107023864 / 1107023866
  • Weight 1.4 lbs (0.64 kg)
  • Dimensions 9.1 x 6 x 0.9 in (23.11 x 15.24 x 2.29 cm)
  • Themes
    • Aspects (Academic): Economic
  • Library of Congress subjects Economic policy, Rational expectations (Economic theory)
  • Library of Congress Catalog Number 2012018814
  • Dewey Decimal Code 330.1
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The Theory of Economic Policy in a Strategic Context
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The Theory of Economic Policy in a Strategic Context

by Hughes Hallett, Andrew, Di Bartolomeo, Giovanni, Acocella, Nicola

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THE THEORY OF ECONOMIC POLICY IN A STRATEGIC CONTE
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The Theory of Economic Policy in a Strategic Context

The Theory of Economic Policy in a Strategic Context

by Nicola Acocella

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Hardback. New. This new theory of economic policy accommodates and responds to conflicts between strategic actions by public and private agents. It is an essential tool for understanding the real impact of policy neutrality, rational expectations, time inconsistency and policy announcements, and suggests institution designs with optimal chances of success.
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The Theory of Economic Policy in a Strategic Context
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The Theory of Economic Policy in a Strategic Context

by Nicola Acocella , Giovanni Di Bartolomeo , Andrew Hughes Hallett

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The Theory of Economic Policy in a Strategic Context
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The Theory of Economic Policy in a Strategic Context

by Andrew Hughes Hallett Giovanni Di Bartolomeo Nicola Acocella

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