Description
Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.
Table of Contents
1. Economic Policy as a Game 2. Committment versus Discretion in Monetary Policy 3. Reputation and Signalling 4. Election and Monetary Policy 5. Commitment versus Discretion in Wealth Taxation 6. Social Institutions and Credible Tax Policy 7. Credibility and Public Debt Management 8. The Political Economy of Government Debt
