Nicola Acocella (Ital Universita degli Studi di Roma 'La Sapienza', Giovanni Di Bartolomeo (Italy Universita degli Studi di Teramo), Andrew Hughes Hallett (Virginia George Mason University)

The Theory of Economic Policy in a Strategic Context

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 366
• Erscheinungstermin: 15. Mai 2018
• Englisch
• Abmessung: 280mm x 216mm x 20mm
• Gewicht: 978g
• ISBN-13: 9781108468824
• ISBN-10: 1108468829
• Artikelnr.: 52641470

Autorenporträt

Nicola Acocella is Professor of Economic Policy at Università degli Studi di Roma 'La Sapienza', Italy.

Inhaltsangabe

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.