Rules, Reputation and Macroeconomic Policy Coordination

Book Name : Rules, Reputation and Macroeconomic Policy Coordination

By by David Currie, Paul Levine

Sub Title : NA

Written by : by David Currie, Paul Levine

Subject Category : Economics

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In this book David Currie and Paul Levine address a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. Adopting neo-Keynesian models for which monetary and fiscal policy have short-term real effects, they analyse active stabilisation policies in both a single- and multi-country context. Questions addressed include: the merits of simple policy rules, policy design in the face of uncertainty and international policy coordination. A central feature of the book is the treatment of credibility and the effect of a policy-maker's reputation for sticking to announced policies. These considerations are integrated with coordination issues to produce a unique synthesis. The volume develops optimal control methods and dynamic game theory to handle relationships between governments and a conscious rational private sector and produces a unified, coherent approach to the subject. This book will be of interest to students and teachers of open economy macroeconomics and to professional economists interested in using macroeconomic models to design policy. Cambridge University Press; August 1993 ISBN 9780511834042 Read online, or download in secure PDF format Title: Rules, Reputation and Macroeconomic Policy Coordination Author: David Currie; Paul Levine Imprint: Cambridge University Press Subject categories Economics > Industries. Land use. Labor > Labor. Work. Working class > By region or country Economics > Industries. Land use. Labor > Economic growth, development, planning Business > Economics > Macroeconomics ISBNs 0511834047 9780521441964 9780511834042

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Related subjects

Economics - Industries. Land use. Labor - Labor. Work. Working class - By region or country Economics - Industries. Land use. Labor - Economic growth, development, planning Business - Economics - Macroeconomics

ISBN

0511834047 - 9780521441964 - 9780511834042

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Cambridge University Press