{"product_id":"the-theory-of-economic-policy-in-a-strategic-context-paperback-9781108468824","title":"The Theory of Economic Policy in a Strategic Context (Paperback \/ softback) 9781108468824","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Theory of Economic Policy in a Strategic Context\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eA new unified theory of economic policy which responds to conflicts between strategic public and private policymakers.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eNicola Acocella (Author), Giovanni Di Bartolomeo (Author), Andrew Hughes Hallett (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781108468824, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 30 August 2018\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e448 pages, 16 b\/w illus.  4 tables\u003cbr\u003e27.8 x 21.5 x 1.8 cm, 0.9 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eIn 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of figures\u003cbr\u003e List of tables\u003cbr\u003e Preface\u003cbr\u003e Common symbols\u003cbr\u003e 1. An overview: the realm of economic policy\u003cbr\u003e Part I. The Classical Theory of Economic Policy: 2. Statics\u003cbr\u003e 3. Dynamics\u003cbr\u003e Part II. From the Classical to the New Theory of Economic Policy: 4. The Lucas critique\u003cbr\u003e 5. Policy games: an introduction\u003cbr\u003e Part III. The New Theory of Economic Policy: Statics: 6. A theory of strategic conflict: foundations\u003cbr\u003e 7. From individual players to system controllability\u003cbr\u003e 8. Conflicts and coordination among groups\u003cbr\u003e 9. Announcements as a coordination mechanism\u003cbr\u003e Part IV. The New Theory of Economic Policy: Dynamics: 10. Controllability in a strategic dynamic setting\u003cbr\u003e 11. Dynamic policy games with rational expectations\u003cbr\u003e 12. Credibility, dynamic controllability and rational expectations\u003cbr\u003e 13. Expectations and target coordination: institutional aspects\u003cbr\u003e 14. A summary and round-up of conclusions\u003cbr\u003e References.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Monetary economics [\u003ca title=\"See our other books on Monetary economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Monetary%20economics%20%5BKCBM%5D%22\"\u003eKCBM\u003c\/a\u003e], Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005342404888,"sku":"9781108468824","price":35.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781108468824i_201f8339-f952-4fb9-b050-7a5eeb292f5a.jpg?v=1696702397","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-theory-of-economic-policy-in-a-strategic-context-paperback-9781108468824","provider":"Freshly Printed Books","version":"1.0","type":"link"}