Autori
Acocella, Nicola
Di Bartolomeo, Giovanni

Titolo
Non-neutrality of economic policy: an application of the Tinbergen-Theil's approach to a strategic context
Periodico
Università degli Studi di Roma "La Sapienza" - Dipartimento di Economia Pubblica. Working Paper
Anno: 2005 - Volume: 7 - Fascicolo: 82 - Pagina iniziale: 1 - Pagina finale: 62

Issues of policy effectiveness and neutrality are widespread in the economic literature. They have been increasingly raised in specific contexts within the class of LQ (linear-quadratic) policy games in the last 20 years, notably with reference to monetary policy. The more general conditions ensuring nonneutrality in a strategic environment remain however to be inquired. We fill this gap by applying the classical theory of economic policy to a strategic context. This is also useful to highlight some existence conditions for policy game solutions. We restrict ourselves to the common LQ-games in a static perfect information framework, but our simple logic can be extended to other more general situations.



SICI: 1974-2940(2005)7:82<1:NOEPAA>2.0.ZU;2-X
Testo completo: http://dep.eco.uniroma1.it/docs/working_papers/Wp82.pdf

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