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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.
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The Theory of Economic Policy in a Strategic Context, Nicola Acocella, Giovanni di Bartolomeo, Andrew Hughes Hallett
- Language
- Released
- 2018
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- (Paperback)
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- Title
- The Theory of Economic Policy in a Strategic Context
- Language
- English
- Publisher
- Cambridge University Press
- Released
- 2018
- Format
- Paperback
- ISBN10
- 1108468829
- ISBN13
- 9781108468824
- Description
- 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.