Autori:
Acocella, Nicola,
Di Bartolomeo, GiovanniTitolo:
Non-neutrality of economic policy: an application of the Tinbergen-Theil's approach to a strategic contextPeriodico:
Università degli Studi di Roma "La Sapienza" - Dipartimento di Economia Pubblica. Working PaperAnno:
2005 - Volume:
7 - Fascicolo:
82 - Pagina iniziale:
1 - Pagina finale:
62Issues 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.pdfEsportazione dati in Refworks (solo per utenti abilitati)
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