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Time inconsistency and optimal policies in deterministic and stochastic worlds
7 references·2 citing·29 second hop
Time inconsistency and optimal policies in deterministic and stochastic worlds (1986)Time inconsistency and optimal policies i…Optimal feedback rules in an open economy macromodel with rational expectations (1985)Optimal feedback rules in an …Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies (1985)Dynamic Games and the Time In…International Policy Coordination in Dynamic Macroeconomic Models (1984)International Policy Coordina…International Policy Coordination in a Dynamic Macroeconomic Model (1983)International Policy Coordina…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:…A Note on Changes in Industrial Concentration in the United Kingdom (1975)A Note on Changes in Industri…MACROECONOMIC POLICY EVALUATION AND OPTIMAL CONTROL THEORY: A CRITICAL REVIEW OF SOME RECENT DEVELOPMENTS (1987)MACROECONOMIC POLICY EVALUATI…An investigation of time inconsistency and optimal policy formulation in the presence of rational expectations using the National Institute's Model 7 (1987)An investigation of time inco…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)Econometric policy evaluation: A critique (1976)Expectations and Exchange Rate Dynamics (1976)Rational expectations models with partial information (1986)Monetary Policy Rules for the Euro Area: What Role for National Information? (2002)The Solution of Linear Difference Models under Rational Expectations (1980)Duopoly Models with Consistent Conjectures (1981)Dynamic Noncooperative Game Theory (1982)International coordination in the design of macroeconomic policy rules (1985)Rational Expectations and the Theory of Price Movements (1961)Expectations and the neutrality of money (1972)Large-Scale Econometric Models of National Economies (1991)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)Quantitative Economic Policies and Interactive Planning. (1984)How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy? (1988)International Macroeconomic Policy Coordination When Policymakers Do Not Agree on the True Model. (1988)Robust control of forward-looking models (2003)Concentration in Retail Distribution: Measurement and Significance (1983)International Cooperation and Reputation in an Empirical Two-Bloc Model (1987)The design of feedback rules in linear stochastic rational expectations models (1987)The Consistency of Optimal Policy in Stochastic Rational Expectations Models (1986)Optimal Monetary Policy in an Operational Medium‐Sized DSGE Model (2011)
this work references cited by second hop

References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 1984International Policy Coordination in Dynamic Macroeconomic Models241 cited
  • 1983International Policy Coordination in a Dynamic Macroeconomic Model149 cited
  • 1985Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies118 cited
  • 1975A Note on Changes in Industrial Concentration in the United Kingdom29 cited
  • 1985Optimal feedback rules in an open economy macromodel with rational expectations27 cited

Cited by

  • 1987MACROECONOMIC POLICY EVALUATION AND OPTIMAL CONTROL THEORY: A CRITICAL REVIEW OF SOME RECENT DEVELOPMENTS42 cited
  • 1987An investigation of time inconsistency and optimal policy formulation in the presence of rational expectations using the National Institute's Model 710 cited

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