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The Cost of Conflicting Objectives in Policy Formulation

In: Annals of Economic and Social Measurement, Volume 5, number 2

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  • Robert S. Pindyck

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  • Robert S. Pindyck, 1976. "The Cost of Conflicting Objectives in Policy Formulation," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 239-248, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:10444
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    References listed on IDEAS

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    1. Cooper, J Phillip & Fischer, Stanley, 1975. "A Method for Stochastic Control of Nonlinear Econometric Models and an Application," Econometrica, Econometric Society, vol. 43(1), pages 147-162, January.
    2. Gregory Chow, 1972. "How Much Could Be Gained by Optimal Stochastic Control Policies," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 1, number 4, pages 391-406, National Bureau of Economic Research, Inc.
    3. Pindyck, Robert S., 1975. "Optimal stabilization policies under decentralized control and conflicting objectives," Working papers 765-75., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    4. Livesey, D A, 1971. "Optimising Short-term Economic Policy," Economic Journal, Royal Economic Society, vol. 81(323), pages 525-546, September.
    5. Pindyck, Robert S, 1973. "Optimal Policies for Economic Stabilization," Econometrica, Econometric Society, vol. 41(3), pages 529-560, May.
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    Cited by:

    1. Willem H. Buiter & Jonathan Eaton, 1980. "Policy Decentralization and Exchange Rate Management in Interdependent Economies," NBER Working Papers 0531, National Bureau of Economic Research, Inc.
    2. William D. Nordhaus, 1994. "Marching to Different Drummers: Coordination and Independence in Monetary and Fiscal Policies," Cowles Foundation Discussion Papers 1067, Cowles Foundation for Research in Economics, Yale University.
    3. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.
    4. Dan Protopopescu, 2009. "Nash Equilibrium Strategies in Discrete-Time Finite-Horizon Dynamic Games with Risk-and Effort-Averse Players," UFAE and IAE Working Papers 798.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    5. Eduardo Pol, 2023. "Organising Thinking about Disinflation Policy," Economic Papers, The Economic Society of Australia, vol. 42(1), pages 92-106, March.
    6. Pablo Mendieta Ossio & Hugo Rodriguez Gonzales, 2005. "Interacción de la política fiscal con la política monetaria en el MERCOSUR y países asociados," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 8(1), pages 49-97, December.
    7. Dennis Wesselbaum, 2022. "Cheap Talk in a New Keynesian Model," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 20(3), pages 661-691, September.
    8. Dieter Proske, 1995. "Zentralbankunabhängigkeit -Diskussion auf falschen Wegen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 21(4), pages 533-554.
    9. William D. Nordhaus, 1994. "Policy games: Coordination and Independece in Monetary and Fiscal Policies," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(2), pages 139-216.

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