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Dynamic Inconsistency, Rational Expectations, and Optimal Government Policy

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  • Hillier, Brian
  • Malcomson, James M

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  • Hillier, Brian & Malcomson, James M, 1984. "Dynamic Inconsistency, Rational Expectations, and Optimal Government Policy," Econometrica, Econometric Society, vol. 52(6), pages 1437-1451, November.
    • Handle: RePEc:ecm:emetrp:v:52:y:1984:i:6:p:1437-51
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    Cited by:

    1. Kankanamge, Sumudu & Weitzenblum, Thomas, 2016. "Time-consistent unemployment insurance," TSE Working Papers 16-657, Toulouse School of Economics (TSE).
    2. Avinash Dixit & Luisa Lambertini, 2003. "Interactions of Commitment and Discretion in Monetary and Fiscal Policies," American Economic Review, American Economic Association, vol. 93(5), pages 1522-1542, December.
    3. Robin Boadway & Michael Keen, 2014. "Rent Taxes and Royalties in Designing Fiscal Regimes for Non-Renewable Resources," CESifo Working Paper Series 4568, CESifo.
    4. Cohen Daniel & Michel Philippe, 1986. "Dynamic consistency of government's behavior : a user's guide," CEPREMAP Working Papers (Couverture Orange) 8605, CEPREMAP.
    5. William Roberds, 1986. "Solution of linear-quadratic- Gaussian dynamic games using variational methods," Staff Report 105, Federal Reserve Bank of Minneapolis.
    6. Daniel Klein, 1990. "The microfoundations of rules vs. discretion," Constitutional Political Economy, Springer, vol. 1(3), pages 1-19, September.
    7. Michelle R. Garfinkel & Seonghwan Oh, 1990. "Strategic discipline in monetary policy with private information: optimal targeting periods," Working Papers 1990-001, Federal Reserve Bank of St. Louis.
    8. Buiter, Willem H. & Kletzer, Kenneth M., 1991. "The welfare economics of cooperative and noncooperative fiscal policy," Journal of Economic Dynamics and Control, Elsevier, vol. 15(1), pages 215-244.
    9. Robin Boadway, 2017. "Second-Best Theory: Ageing well at Sixty," Pacific Economic Review, Wiley Blackwell, vol. 22(2), pages 249-270, May.

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