Okayama Economic Review
Published by the Economic Association of Okayama University

Online ISSN 2433-4146
Print ISSN 0386-3069

逐次政策インプリメンテーションと擬態

藤本 利躬
抄録
The basic structure and functions of the so-called "mimicking" regime of macroeconomic policy-making are investigated here by using a simple one-instrument (money supply)-and-two-targets (inflation and employment) policy model composed of aggregate Lucas-type supply and ordinary demand functions in such a framework of 2-period sequential equilibrium analysis as Persson and Tabellini used, with a seemingly minor but consequently important change in one of the assumptions Persson and Tabellini posited. The assumption is the one concerned with the tough-type government's trade-off between the two targets, and the change is shown to result in a more economically interpretable criterion by which the weak-type can choose between pooling equilibrium with mimicking and separating one without it.
備考
論説 (Article)
ISSN
0386-3069
NCID
AN00032897