000			03036nam a22003618i 4500
001			CR9781139152372
003			UkCbUP
005			20240301142636.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			110915s2013||||enk o ||1 0|eng|d
020			_a9781139152372 (ebook)
020			_z9781107023864 (hardback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHD87 _b.A286 2013
082	0	0	_a330.1 _223
100	1		_aAcocella, Nicola, _d1939- _eauthor.
245	1	4	_aThe theory of economic policy in a strategic context / _cNicola Acocella, Giovanni Di Bartolomeo, Andrew Hughes Hallett.
264		1	_aCambridge : _bCambridge University Press, _c2013.
300			_a1 online resource (xiv, 351 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0		_a1. 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 the conclusions.
520			_aIn 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.
650		0	_aEconomic policy.
650		0	_aRational expectations (Economic theory)
700	1		_aDi Bartolomeo, Giovanni, _d1969- _eauthor.
700	1		_aHughes Hallett, Andrew, _eauthor.
776	0	8	_iPrint version: _z9781107023864
856	4	0	_uhttps://doi.org/10.1017/CBO9781139152372
999			_c9355 _d9355