The Theory of Economic Policy : Statics and Dynamics (Paperback)

Part I. The static theory of policy: 1. A review of the static theory of policy; 2. The algebraic structure of fixed objective problems; 3. The algebraic structure of flexible objective problems; 4. The dynamic policy problem: models and objectives; 5. Controllability properties of dynamic policy models; 6. Observability properties of dynamic policy models; 7. The dynamic theory of stationarity objectives; 8. The dynamic theory of path objectives; 9. Policy design for path objectives; 10. Rational expectations and the theory of policy; Part III. Dynamic flexible objectives: on tracking points and paths: 11. Dynamic finite horizon flexible objective problems; 12. Policy existence and uniqueness for infinite horizon flexible objective problems; 13. Some stability issues in dynamic policy problems; 14. Aftersight.