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Towards a new theory of economic policy: Continuity and innovation

Nicola Acocella and Giovanni Di Bartolomeo ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper outlines the evolution of the theory of economic policy from the classical contributions of Frisch, Hansen, Tinbergen and Theil to situations of strategic interaction. Andrew Hughes Hallett has taken an active and relevant part in this evolution, having contributed to both the development and recent rediscovery of the classical theory, with possible relevant applications for model building.

Keywords: policy games; policy effectiveness; controllability; equilibrium existence (search for similar items in EconPapers)
JEL-codes: A10 E00 (search for similar items in EconPapers)
Date: 2007-06
New Economics Papers: this item is included in nep-hpe and nep-mac
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Working Paper: Towards a new theory of economic policy: Continuity and innovation (2007) Downloads
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