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Item Details
| Title:
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RULES, REPUTATION AND MACROECONOMIC POLICY COORDINATION
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| By: |
David Currie, Paul Levine |
| Format: |
Hardback |
| List price:
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£110.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
052144196X |
| ISBN 13: |
9780521441964 |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
12 August, 1993 |
| Pages: |
444 |
| Description: |
This book addresses a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. |
| Synopsis: |
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. |
| Illustrations: |
64 b/w illus. 88 tables |
| Publication: |
UK |
| Imprint: |
Cambridge University Press |
| Returns: |
Returnable |
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