An investigation of time inconsistency and optimal policy formulation in the presence of rational expectations using the National Institute's Model 7

Stephen Gilroy Hall

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

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(1987). An investigation of time inconsistency and optimal policy formulation in the presence of rational expectations using the National Institute's Model 7. Applied Economics: Vol. 19, No. 9, pp. 1175-1185.

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References

1977Rules Rather than Discretion: The Inconsistency of Optimal Plans 1985Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies 1984Quantitative Economic Policies and Interactive Planning.1986Manufacturing Stocks and Forward-Looking Expectations in the UK 1984NON-COOPERATIVE STRATEGIES FOR DYNAMIC POLICY GAMES AND THE PROBLEM OF TIME INCONSISTENCY 1984The London Business School econometric model of the UK 1986Time inconsistency and optimal policies in deterministic and stochastic worlds 1984The Effect of Oil Discoveries on the British Economy--Theoretical Ambiguities and the Consistent Expectations Simulation Approach

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