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Time Consistency and Policy
16 references·3 citing·36 second hop
Time Consistency and Policy (1988)Time Consistency and PolicyThe Design of Mechanisms for Resource Allocation (2022)The Design of Mechanisms for …The Folk Theorem in Repeated Games with Discounting or with Incomplete Information (1986)The Folk Theorem in Repeated …Rules, Discretion and Reputation in a Model of Monetary Policy (1983)Rules, Discretion and Reputat…Optimal fiscal and monetary policy in an economy without capital (1983)Optimal fiscal and monetary p…Resource Allocation Under Asymmetric Information (1981)Resource Allocation Under Asy…Dynamic inconsistency, cooperation and the benevolent dissembling government (1980)Dynamic inconsistency, cooper…On the Determination of the Public Debt (1979)On the Determination of the P…Incentive Compatibility and the Bargaining Problem (1979)Incentive Compatibility and t…On the Time Consistency of Optimal Policy in a Monetary Economy (1978)On the Time Consistency of Op…Should control theory be used for economic stabilization? (1977)Should control theory be used…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Optimal policies, control theory and technology exports (1977)Optimal policies, control the…Myopia and Inconsistency in Dynamic Utility Maximization (1973)Myopia and Inconsistency in D…A Non-cooperative Equilibrium for Supergames (1971)A Non-cooperative Equilibrium…Myopia and Inconsistency in Dynamic Utility Maximization (1955)Myopia and Inconsistency in D…A Contribution to the Theory of Taxation (1927)A Contribution to the Theory …Modern Macroeconomics in Practice: How Theory is Shaping Policy (2006)Modern Macroeconomics in Prac…Intertemporal Consistency Issues in Depletable Resources (1993)Intertemporal Consistency Iss…Monetary Policy in Models with Capital* *I have benefited from comments by Patrick Kehoe and Torsten Persson. The paper was written while the author was visiting the Federal Reserve Bank of Minneapolis. The views expressed herein are those of the author and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. (1989)Monetary Policy in Models wit…The Bargaining Problem (1950)Manipulation of Voting Schemes: A General Result (1973)Strategy-proofness and Arrow's conditions: Existence and correspondence theorems for voting procedures and social welfare functions (1975)The New Economics of Organization (1984)The Theory of Incentives: The Principal-Agent Model (2001)Multiagent systems: algorithmic, game-theoretic, and logical foundations (2009)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)Unanticipated Money, Output, and the Price Level in the United States (1978)Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives (1986)Elections and Macroeconomic Policy Cycles (1988)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)A Guide to Public Sector Debt and Deficits (1985)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily (2001)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)Rational cooperation in the finitely repeated prisoners' dilemma (1982)Reputation and imperfect information (1982)An Introduction to Varieties of Capitalism (2001)Varieties of Capitalism (2001)Health insurance and the demand for medical care: evidence from a randomized experiment. (1987)Signaling in Retrospect and the Informational Structure of Markets (2002)Salience and Taxation: Theory and Evidence (2009)Rules, discretion and reputation in a model of monetary policy (1983)An Evolutionary Approach to Norms (1986)Evolutionary games on graphs (2007)The Framing of Decisions and the Psychology of Choice (1981)Golden Eggs and Hyperbolic Discounting (1997)Time Discounting and Time Preference: A Critical Review (2002)A Positive Theory of Fiscal Deficits and Government Debt (1990)Monetary Theory and Policy (1999)A Unified Framework for Monetary Theory and Policy Analysis (2005)Toward a positive theory of consumer choice (1980)
this work references cited by second hop

References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1979On the Determination of the Public Debt3,308 cited
  • 1927A Contribution to the Theory of Taxation2,918 cited
  • 1955Myopia and Inconsistency in Dynamic Utility Maximization2,834 cited
  • 1973Myopia and Inconsistency in Dynamic Utility Maximization2,743 cited
  • 1986The Folk Theorem in Repeated Games with Discounting or with Incomplete Information2,375 cited
  • 1979Incentive Compatibility and the Bargaining Problem1,983 cited
  • 1983Optimal fiscal and monetary policy in an economy without capital1,877 cited
  • 1971A Non-cooperative Equilibrium for Supergames1,798 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 2022The Design of Mechanisms for Resource Allocation593 cited
  • 1981Resource Allocation Under Asymmetric Information434 cited
  • 1983Rules, Discretion and Reputation in a Model of Monetary Policy398 cited
  • 1980Dynamic inconsistency, cooperation and the benevolent dissembling government353 cited
  • 1977Should control theory be used for economic stabilization?122 cited

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1977
Optimal policies, control theory and technology exports
37 cited

Cited by

  • 1993Intertemporal Consistency Issues in Depletable Resources71 cited
  • 2006Modern Macroeconomics in Practice: How Theory is Shaping Policy14 cited
  • 1989Monetary Policy in Models with Capital* *I have benefited from comments by Patrick Kehoe and Torsten Persson. The paper was written while the author was visiting the Federal Reserve Bank of Minneapolis. The views expressed herein are those of the author and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.13 cited