The theory of economic policy in a strategic context
Author(s)
Bibliographic Information
The theory of economic policy in a strategic context
Cambridge University Press, 2013
Available at 6 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 326-343) and indexes
Description and Table of Contents
Description
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.
Table of Contents
- List of figures
- List of tables
- Preface
- Common symbols
- 1. An overview: the realm of economic policy
- Part I. The Classical Theory of Economic Policy: 2. Statics
- 3. Dynamics
- Part II. From the Classical to the New Theory of Economic Policy: 4. The Lucas critique
- 5. Policy games: an introduction
- Part III. The New Theory of Economic Policy: Statics: 6. A theory of strategic conflict: foundations
- 7. From individual players to system controllability
- 8. Conflicts and coordination among groups
- 9. Announcements as a coordination mechanism
- Part IV. The New Theory of Economic Policy: Dynamics: 10. Controllability in a strategic dynamic setting
- 11. Dynamic policy games with rational expectations
- 12. Credibility, dynamic controllability and rational expectations
- 13. Expectations and target coordination: institutional aspects
- 14. A summary and round-up of conclusions
- References.
by "Nielsen BookData"