The Theory of Economic Policy in a Strategic Context
Giovanni Di Bartolomeo () and
Andrew Hughes Hallett ()
in Cambridge Books from Cambridge University Press
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.
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Book: The Theory of Economic Policy in a Strategic Context (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cup:cbooks:9781108468824
Ordering information: This item can be ordered from
http://www.cambridge ... p?isbn=9781108468824
Access Statistics for this book
More books in Cambridge Books from Cambridge University Press
Bibliographic data for series maintained by Ruth Austin (). This e-mail address is bad, please contact .