This paper studies strategic R&D policy with endogenous timing of firms’ moves within a two-period framework. Within … this framework the government can make a policy commitment only in the second period due to an information lag vis … activist government policy may decrease national welfare by forcing the foreign firm to take preemptive action against the home …

This paper studies strategic R&D policy with endogenous timing of firms’ moves within a two‐period framework. Within … this framework the government can make a policy commitment only in the second period due to an information lag vis … activist government policy may decrease national welfare by forcing the foreign firm to take preemptive action against the home …

concerning economic policy, impact of the reforms on poverty, sectoral issues relating to agriculture, industry and …

economists, bankers and policy makers know very little about monetary policy. Part 2 explains the errors of the common practice … of defining money by its functions. Because any monetary policy must rest on a definition of money it seems reasonable to … conclude that a flawed definition might lead to problems with monetary policy. Part 3 applies this insight to the plans for a …

regulative principles for economic policy developed by this school need operationalization in order to serve as a compass for … economic policy. Presents a checklist to test policy proposals as to their effectiveness, necessity and cost appropriateness. …

Stackelberg is generally considered for his contributions to economic theory; little is known about his views on economic policy …. Argues that his views on theory and policy were closely linked, however. Gives a concise statement of Stackelberg’s view on … economic process, makes the important ORDO distinction between economic policy instruments compatible and incompatible with a …

Provides an overview of the evolution of Spanish economic policy throughout the nineteenth century and considers the … Spain from 1943. Suggests that Stackelberg’s ideas were key to the quantum leap in Spanish economic policy, abandoning …

The paper tests for long-run monetary policy convergence and short-run policy interactions in seven ERM countries over … evidence for very little monetary policy convergence, even during the more stable 1987-92 period. Tests for short-run monetary … policy interactions show that, in agreement with some other studies, Germany is not the leader country in the system as it …

Reports an attempt to evaluate the role of industrial policy in affecting entry in Greek manufacturing industry in 1982 …-1988. Finds that industrial policy favouring the restructuring of Greek manufacturing towards capital-intensive and high … policy. …

This paper contrasts the different regional effects of an homogeneous monetary policy, and studies the local … evidence of statistically different regional responses of real variables to monetary policy shocks. We use these estimated … position, as well as the degree of nominal wage indexation, enhance the effect of monetary policy. …