Kooperativer Bibliotheksverbund

UID:

Format: XIV, 351 S. , graph. Darst. , 23 cm

ISBN: 9781107023864

Content: 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.

Content: "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"--

Note: Includes bibliographical references and index , Machine generated contents note: 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. Institution building: inflation, sustainable growth and debt control; 14. Conclusions; References.

Language: English

Subjects: Economics , Political Science

Keywords: Wirtschaftspolitik ; Rationale Erwartung

URL: Cover

URL: Inhaltsverzeichnis

URL: Autorenbiografie

URL: Verlagsangaben

Author information: Hughes Hallett, Andrew 1947-

Author information: Acocella, Nicola 1939-

UID:

Format: XIV, 68 S. , graph. Darst.

ISBN: 1898128820

Language: English

Subjects: Economics

Keywords: Europa ; Finanzpolitik ; Wirtschaftsstatistik

Author information: Hughes Hallett, Andrew 1947-

Author information: Hagen, Jürgen von 1955-

UID:

Format: 1 Online-Ressource (XVIII, 376 S.)

ISBN: 9783540746843

Series Statement: Advances in Computational Economics 20

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 3-540-74683-8

Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-540-74683-6

Language: English

Subjects: Economics

Keywords: Wirtschaftspolitik ; Quantitative Methode ; Fiskalpolitik ; Ökonometrie ; Geldpolitik ; Ökonometrie ; Aufsatzsammlung ; Festschrift

DOI: 10.1007/978-3-540-74684-3

URL: Volltext  (URL des Erstveröffentlichers)

Author information: Neck, Reinhard 1951-

Author information: Hughes Hallett, Andrew 1947-

UID:

Format: 1 online resource (ix, 244 pages) : , digital, PDF file(s).

ISBN: 9780511521973 (ebook)

Content: The rational expectations revolution and other developments in economics (notably game theory) have fundamentally altered the application of optimal control theory to economic forecasting and planning. In particular, they have shown that economic systems cannot be modelled simplistically on physical systems. However, as the authors of this volume show, these developments have greatly enhanced our understanding of how an economy functions, and now make it possible for optimal control theory to be applied much more effectively to economic modelling and planning. This book is divided into two parts. The first presents the orthodox framework but extends it to allow for multiplicative uncertainty, risk and non-linearities in the econometric model. The second part looks explicitly at the question of expectations. It provides methods by which forward-looking expectations can be treated jointly with the determination of economic policy. It also examines game-theoretic considerations - where, for instance, policy makers may have incentive to renege on their commitments.

Note: Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Additional Edition: Print version: ISBN 9780521264440

Language: English

URL: https://doi.org/10.1017/CBO9780511521973

UID:

Format: 1 online resource (xiv, 339 pages) : , digital, PDF file(s).

ISBN: 9781316338841 (ebook)

Content: The recent financial crisis has demonstrated the dangers of ignoring the factors that led to previous crises, and the effectiveness of the policies designed to deal with them. Over time, these macroeconomic policies have evolved, oscillating between state intervention and a free-market approach. Following a story that runs from the pre-Great Depression era up until the Financial Crisis of 2007–11, this book reveals an intimate connection between new macroeconomic ideas and policies and the events in the real economy that inspired them. It does this in an accessible, easy-to-follow style, first by focusing on the developments of economic theories and policies, and then by concentrating on the design of domestic and international institutions and economic governance. Written by three leading experts on the history of economic policy, the book is ideal for graduates and undergraduates studying macroeconomics, monetary policy and the history of economic thought.

Note: Title from publisher's bibliographic system (viewed on 06 Jun 2016). , Machine generated contents note: Preface; Acknowledgements; 1. Introduction; 2. The dawn of the Keynesian Age; 3. The Phillips curve menu; 4. The pro-market counterattack: powerless economic policies; 5. Rethinking stabilization policies: good policies or good luck?; 6. The great recession and beyond; 7. Central banking; 8. Fiscal regimes and fiscal policies; 9. Further policy challenges; 10. Conflicts and cooperation in the labor markets; 11. Fixed exchange rates: the age of tempered liberalism; 12. Free to float: the age of neo-liberalism; 13. A fragile European construction: the perils of incomplete coordination; 14. Taking stock: the end of a ride or the start of a new one?; Bibliography.

Additional Edition: Print version: ISBN 9781107117723

Language: English

URL: https://doi.org/10.1017/CBO9781316338841

UID:

Format: 1 online resource (xiv, 351 pages) : , digital, PDF file(s).

ISBN: 9781139152372 (ebook)

Content: 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.

Note: Title from publisher's bibliographic system (viewed on 05 Oct 2015). , 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 the conclusions.

Additional Edition: Print version: ISBN 9781107023864

Language: English

Subjects: Economics , Political Science

URL: https://doi.org/10.1017/CBO9781139152372

UID:

Format: IX, 244 S , graph. Darst

ISBN: 9780521264440 , 9780521126335 , 0521264448

Note: Includes bibliographical references (p. [231]-240) , Hier auch später erschienene, unveränderte Nachdrucke

Language: English

Subjects: Economics

Keywords: Kontrolltheorie ; Wirtschaftstheorie ; Mathematisches Modell ; Rationale Erwartung ; Unsicherheit ; Unsicherheit ; Wirtschaftstheorie ; Mathematisches Modell ; Kontrolltheorie ; Mathematisches Modell ; Rationale Erwartung ; Wirtschaftstheorie ; Mathematisches Modell ; Entscheidung bei Unsicherheit ; Rationale Erwartung ; Kontrolltheorie ; Kontrolltheorie ; Wirtschaftsmodell ; Optimale Kontrolle ; Unsicherheit ; Rationalität ; Kontrolltheorie ; Optimale Kontrolle ; Wirtschaftsmodell

URL: Inhaltstext

URL: http://www.loc.gov/catdir/description/cam023/88009523.html

URL: http://www.loc.gov/catdir/toc/cam028/88009523.html

Author information: Hughes Hallett, Andrew 1947-

Author information: Holly, Sean

UID:

Format: X, 351 S , graph. Darst , 23 cm

Edition: 1. publ.

ISBN: 052165162X

Note: Enth. 11 Beitr , LIteraturangaben

Language: English

Subjects: Economics

Keywords: Europäische Union ; Währungsunion ; Fiskalpolitik ; Konferenzschrift ; Konferenzschrift

URL: Inhaltsverzeichnis

Author information: Hughes Hallett, Andrew 1947-

UID:

Format: IX, 360 S. , graph. Darst.

ISBN: 9024729688

Series Statement: Advanced studies in theoretical and applied econometrics 3

Note: Includes bibliographies

Language: English

Subjects: Economics

Keywords: Wirtschaftspolitik ; Mathematisches Modell ; Entscheidungstheorie ; Mathematisches Modell ; Entscheidungsprozess ; Wirtschaftliches Verhalten ; Mathematisches Modell ; Entscheidungsprozess ; Wirtschaftspolitik ; Wirtschaft ; Entscheidungstheorie ; Entscheidungstheorie ; Wirtschaftspolitik ; Wirtschaftspolitik ; Mathematisches Modell ; Aufsatzsammlung

URL: Cover

Author information: Hughes Hallett, Andrew 1947-

UID:

Format: 28 Bl.

Language: English

Author information: Hughes Hallett, Andrew 1947-