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  • 1
    Electronic Resource
    Electronic Resource
    SPECULATIVE CURRENCY ATTACKS AND BALANCE OF PAYMENTS CRISES (1993)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economic surveys 7 (1993), S. 0 
    Details
    ISSN: 1467-6419
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Abstract. This paper reviews the recent theoretical literature on collapsing exchange rate regimes. Using a combination of technique, intuition and realworld observation, we discuss the literature's main insights, point out some unresolved questions and offer suggestions for future research. The survey should be of interest to both specialists and non-specialists in the field of international macroeconomics.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-6419.1993.tb00162.x
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  • 2
    Electronic Resource
    Electronic Resource
    MACROECONOMIC POLICY EVALUATION AND OPTIMAL CONTROL THEORY: A CRITICAL REVIEW OF SOME RECENT DEVELOPMENTS (1987)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economic surveys 1 (1987), S. 0 
    Details
    ISSN: 1467-6419
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Abstract. This survey addresses the recent literature on the application of optimal control theory and game theory to macroeconomic policy evaluation and design. This literature focuses on strategic interactions between governments and private agents engaged in dynamic non-cooperative games and emphasizes such issues as precommitment, credibility and reputation as important and endemic aspects of optimal policy design. A dominant theme is the problem of dynamic inconsistency and the inferiority of an equilibrium in single-stage full-information games without commitment. This may be alleviated in repeated games involving reputation effects and threat strategies designed to coerce rivals into pursuing particular strategies and to sustain a sequential equilibrium. The type and characteristics of a sequential equilibrium also depend importantly upon the information structure conditioning players’beliefs under uncertainty. Included here are separating and pooling equilibria, involving notions of learning, signalling and information revelation. Additional dimensions exist in stochastic systems which introduce other forms of uncertainty. Optimal control and game theory have also been applied to international macroeconomic policy design, with emphasis on the potential costs and benefits of non-cooperative and cooperative behaviour between countries and problems of international policy coordination.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-6419.1987.tb00029.x
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  • 3
    Electronic Resource
    Electronic Resource
    Endogenous fertility, mortality and growth (1998)
    Springer
    Journal of population economics 11 (1998), S. 517-534 
    Details
    ISSN: 1432-1475
    Keywords: Key words: Fertility ; mortality ; growth ; JEL classification: J13 ; O41
    Source: Springer Online Journal Archives 1860-2000
    Topics: Sociology , Economics
    Notes: Abstract. Economic and demographic outcomes are determined jointly in a choice-theoretic model of fertility, mortality and capital accumulation. There is an endogenous population of reproductive agents who belong to dynastic families of overlapping generations connected through altruism. In addition to choosing savings and births, parents may reduce (infant) deaths by incurring expenditures on health-care which is also provided by the government. A generalised production technology accounts for long-run endogenous growth with short-run transitional dynamics. The analysis yields testable time series and cross-section implications which accord with the empirical evidence on the relationship between demography and development.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/s001480050082
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