01619nam a2200181Ia 4500 20260302161942.0 260302s9999 xx 000 0 und d 9780521441964 339.5 CUR Currie, David A. Rules, Reputation and Macroeconomic Policy Coordination / Currie, David A.; Levine, Paul Cambridge University Press, 1993 441 pages In this book David Currie and Paul Levine address a broad range of issues concerning the design and conduct of macroeconomic policy in open economies. Adopting neo-Keynesian models for which monetary and fiscal policy have short-term real effects, they analyse active stabilisation policies in both a single- and multi-country context. Questions addressed include: the merits of simple policy rules, policy design in the face of uncertainty and international policy coordination. A central feature of the book is the treatment of credibility and the effect of a policy-maker's reputation for sticking to announced policies. These considerations are integrated with coordination issues to produce a unique synthesis. The volume develops optimal control methods and dynamic game theory to handle relationships between governments and a conscious rational private sector and produces a unified, coherent approach to the subject. This book will be of interest to students and teachers of open economy macroeconomics and to professional economists interested in using macroeconomic models to design policy. Business & Economics Levine, Paul ENGLISH 616704 616704 0 0 0 0 ACL ACL 4A 2026-03-02 0 339.5 CUR 193818 2026-03-02 16:19:42 2026-03-02 ENGLISH