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Time Consistency, Subgame Perfectness, Solution Concepts and Information Patterns in Dynamic Models of Stabilization Policies
16 references·1 citing·38 second hop
Time Consistency, Subgame Perfectness, Solution Concepts and Information Patterns in Dynamic Models of Stabilization Policies (2008)Time Consistency, Subgame Perfectness, So…Differential Games in Economics and Management Science (2000)Differential Games in Economi…Does the time-consistency problem explain the behavior of inflation in the United States? (1999)Does the time-consistency pro…Dynamic noncooperative game theory (1995)Dynamic noncooperative game t…Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games (1985)Oligopoly Extraction of a Com…Macroeconomic Policy Coordination among the Industrial Economies (1984)Macroeconomic Policy Coordina…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…Handbook of mathematical economics: (1982)Handbook of mathematical econ…Dynamic optimization: The calculus of variations and optimal control in economics and management (1982)Dynamic optimization: The cal…Dynamic Noncooperative Game Theory (1982)Dynamic Noncooperative Game T…Dynamic inconsistency, cooperation and the benevolent dissembling government (1980)Dynamic inconsistency, cooper…On the Time Consistency of Optimal Policy in a Monetary Economy (1978)On the Time Consistency of Op…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Reexamination of the perfectness concept for equilibrium points in extensive games (1975)Reexamination of the perfectn…The Dynamic Inefficiency of Capitalism (1973)The Dynamic Inefficiency of C…Additional aspects of the Stackelberg strategy in nonzero-sum games (1973)Additional aspects of the Sta…Conflict and cooperation in a model of stabilization policies (1987)Conflict and cooperation in a…An experimental analysis of ultimatum bargaining (1982)Perfect Equilibrium in a Bargaining Model (1982)Non-cooperative games (1989)Economic Origins of Dictatorship and Democracy (2005)Theory of games and economic behavior (2019)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Myopia and Inconsistency in Dynamic Utility Maximization (1973)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)Myopia and Inconsistency in Dynamic Utility Maximization (1955)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)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)Some International Evidence on Output-Inflation Tradeoffs. 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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1982Dynamic Noncooperative Game Theory4,057 cited
  • 1983Rules, discretion and reputation in a model of monetary policy3,625 cited
  • 1975Reexamination of the perfectness concept for equilibrium points in extensive games3,342 cited
  • 1983Optimal fiscal and monetary policy in an economy without capital1,877 cited
  • 2000Differential Games in Economics and Management Science1,559 cited
  • 1995Dynamic noncooperative game theory1,096 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 1982Dynamic optimization: The calculus of variations and optimal control in economics and management423 cited
  • 1982Handbook of mathematical economics:370 cited
  • 1980Dynamic inconsistency, cooperation and the benevolent dissembling government353 cited
  • 1984Macroeconomic Policy Coordination among the Industrial Economies331 cited
  • 1973Additional aspects of the Stackelberg strategy in nonzero-sum games266 cited
  • 1973The Dynamic Inefficiency of Capitalism219 cited
  • 1999Does the time-consistency problem explain the behavior of inflation in the United States?

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215 cited
  • 1985Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games210 cited
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    • 1987Conflict and cooperation in a model of stabilization policies17 cited