Advanced Search
MyIDEAS: Login to save this article or follow this journal

Tinbergen and Theil meet Nash: Controllability in policy games

Contents:

Author Info

  • Acocella, N.
  • Di Bartolomeo, G.

Abstract

This paper generalizes the classical theory of economic policy to a static LQ-strategic context between n players. We show how this generalized version of controllability can profitably be used to deal with policy ineffectiveness issues and Nash equilibrium existence.

(This abstract was borrowed from another version of this item.)

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/B6V84-4HNSG0N-J/2/741b7b96b7c7f8dd8f13763bac9f8c07
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 90 (2006)
Issue (Month): 2 (February)
Pages: 213-218

as in new window
Handle: RePEc:eee:ecolet:v:90:y:2006:i:2:p:213-218

Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Nicola Acocella & Giovanni Di Bartolomeo, 2002. "Non-neutrality of monetary policy in policy games," Macroeconomics, EconWPA 0207002, EconWPA.
  2. Dasgupta, Partha & Maskin, Eric, 1986. "The Existence of Equilibrium in Discontinuous Economic Games, I: Theory," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 53(1), pages 1-26, January.
  3. Gylfason, Thorvaldur & Lindbeck, Assar, 1994. " The Interaction of Monetary Policy and Wages," Public Choice, Springer, Springer, vol. 79(1-2), pages 33-46, April.
  4. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 83(2), pages 241-54, April.
  5. Hughes Hallett, Andrew J, 1989. "Econometrics and the Theory of Economic Policy: The Tinbergen-Theil Contributions 40 Years On," Oxford Economic Papers, Oxford University Press, vol. 41(1), pages 189-214, January.
  6. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Controllability and non-neutrality of economic policy: The Tinbergen’s approach in a strategic context," Macroeconomics, EconWPA 0504034, EconWPA.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Di Bartolomeo, Giovanni & Hughes Hallett, Andrew & Acocella, Nicola, 2011. "Tinbergen controllability and n-player LQ-games," Economics Letters, Elsevier, Elsevier, vol. 113(1), pages 32-34, October.
  2. N. Acocella & G. Bartolomeo & Andrew Hallett, 2006. "Controllability in Policy Games: Policy Neutrality and the Theory of Economic Policy Revisited," Computational Economics, Society for Computational Economics, Society for Computational Economics, vol. 28(2), pages 91-112, September.
  3. Acocella, Nicola & Di Bartolomeo, Giovanni & Piacquadio, Paolo G., 2009. "Conflict of interests, (implicit) coalitions and Nash policy games," Economics Letters, Elsevier, Elsevier, vol. 105(3), pages 303-305, December.
  4. Acocella, Nicola & Di Bartolomeo, Giovanni, 2007. "Towards a new theory of economic policy: Continuity and innovation," MPRA Paper 4419, University Library of Munich, Germany.
  5. Nicola acocella & Giovanni Di Bartolomeo & Andrew Hughes Hallett, . "The theory of economic policy: from a theory of control to a theory of conflict (resolutions)," Working Papers, Sapienza University of Rome, Metodi e modelli per l'economia, il territorio e la finanza MEMOTEF 91/11, Sapienza University of Rome, Metodi e modelli per l'economia, il territorio e la finanza MEMOTEF.
  6. Acocella Nicola & Di Bartolomeo Giovanni, 2010. "Conflict of interest and coordination in public good provision," Politica economica, Società editrice il Mulino, issue 3, pages 389-408.
  7. Pauline Barrieu & Bernard Sinclair-Desgagné, 2009. "Economic Policy when Models Disagree," CIRANO Working Papers, CIRANO 2009s-03, CIRANO.
  8. Huiping Yuan & Stephen M. Miller, 2011. "The Optimality and Controllability of Discretionary Monetary Policy," Working papers, University of Connecticut, Department of Economics 2011-17, University of Connecticut, Department of Economics.
  9. Hallett, Andrew Hughes & Acocella, Nicola & Di Bartolomeo, Giovanni, 2010. "Policy games, policy neutrality and Tinbergen controllability under rational expectations," Journal of Macroeconomics, Elsevier, Elsevier, vol. 32(1), pages 55-67, March.
  10. Acocella, Nicola & Di Bartolomeo, Giovanni & Hughes Hallett, Andrew, 2008. "When Can Central Banks Anchor Expectations? Policy communication and controllability," CEPR Discussion Papers, C.E.P.R. Discussion Papers 7078, C.E.P.R. Discussion Papers.
  11. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Non-neutrality of economic policy: An application of the Tinbergen-Theil's approach to a strategic context," Working Papers, University of Rome La Sapienza, Department of Public Economics 82, University of Rome La Sapienza, Department of Public Economics.
  12. Pauline Barrieu & Sinclair Desgagné, 2009. "Economic policy when models disagree," Grantham Research Institute on Climate Change and the Environment Working Papers, Grantham Research Institute on Climate Change and the Environment 4, Grantham Research Institute on Climate Change and the Environment.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:90:y:2006:i:2:p:213-218. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.