Rules, Reputation and Macroeconomic Policy Coordination
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Rules, Reputation and Macroeconomic Policy Coordination by David Currie
Book DescriptionIn 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.
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Book DetailsISBN: 9780521441964
(234mm x 158mm x 29mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 12-Aug-1993
Country of Publication: United Kingdom
Books By Author David Currie
Macroeconomic Interactions Between North and South, Paperback (June 2010)
This volume contains the proceedings of a September 1987 conference and focuses on the North-South macroeconomic interactions.
North-South Linkages and International Macroeconomic Policy, Paperback (June 2010)» View all books by David Currie
This book provides a useful overview of the flourishing research area relating to interactions between North and South.
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