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The Theory of Economic Policy in a Strategic Context by Andrew Hughes Hallett, Giovanni Di Bartolomeo, Nicola Acocella (Hardcover, 2012)

About this product

About this product

Product Information

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.

Product Identifiers

Publisher
Cambridge University Press
ISBN-13
9781107023864
eBay Product ID (ePID)
128984464

Product Key Features

Author
Andrew Hughes Hallett, Giovanni Di Bartolomeo, Nicola Acocella
Publication Name
The Theory of Economic Policy in a Strategic Context
Format
Hardcover
Language
English
Subject
Economics
Publication Year
2012
Type
Textbook
Number of Pages
363 Pages

Dimensions

Item Height
235mm
Item Width
155mm
Item Weight
630g

Additional Product Features

Title_Author
Nicola Acocella, Andrew Hughes Hallett, Giovanni Di Bartolomeo
Country/Region of Manufacture
United Kingdom

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