IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v40y1988i4p646-54.html
   My bibliography  Save this article

Policy Effectiveness and Design in New Classical Models

Author

Listed:
  • Marini, Giancarlo

Abstract

Stabilization policy is feasible and desirable in a class of standard new classical rational expectations macromodels even when full information output is policy independent. Neither different information across private agents nor the existence of an economy-wide financial market are necessary for the above result. In a context of partial current information, policy effectiveness only requires that the price level is a nonpredetermined variable. Copyright 1988 by Royal Economic Society.

Suggested Citation

  • Marini, Giancarlo, 1988. "Policy Effectiveness and Design in New Classical Models," Oxford Economic Papers, Oxford University Press, vol. 40(4), pages 646-654, December.
    • Handle: RePEc:oup:oxecpp:v:40:y:1988:i:4:p:646-54
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0030-7653%28198812%292%3A40%3A4%3C646%3APEADIN%3E2.0.CO%3B2-%23&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Marini, G. & Scaramozzino, P., 1989. "Monopolistic competition, expected inflation and contract length," Discussion Paper 1989-40, Tilburg University, Center for Economic Research.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:40:y:1988:i:4:p:646-54. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.