search query: @author Tabellini, G. / total: 14
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| Author: | Tabellini, G. |
| Title: | Finn Kydland and the Edward Prescott's contribution to the theory of macroeconomic policy |
| Journal: | Scandinavian Journal of Economics
2005 : VOL. 107:2, p. 203-216 |
| Index terms: | Economic policy Macroeconomic models Macroeconomics |
| Language: | eng |
| Abstract: | This article discusses the idea of time iconsistency, how it was formulated by Kydland and Prescott, and why its implications are so important. It also sets the stage and places the contribution by Kydland and Prescott in the context of the theory of macroeconomic policy. |
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