Business & Economics Books:

Rules, Reputation and Macroeconomic Policy Coordination

Format

Paperback / softback

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Rules, Reputation and Macroeconomic Policy Coordination by David Currie
$103.99
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Description

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.
Release date NZ
March 19th, 2009
Country of Publication
United Kingdom
Illustrations
88 Tables, unspecified; 64 Line drawings, unspecified
Imprint
Cambridge University Press
Pages
444
Dimensions
152x229x25
ISBN-13
9780521104609
Product ID
2916450

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