Hallett, Andrew Hughes; Acocella, Nicola; Di … - In: Journal of Macroeconomics 32 (2010) 1, pp. 55-67
This paper shows the relationship between static controllability (well-known as Tinbergen's golden rule) and the existence and other properties of the Nash equilibrium in a dynamic setting augmented with rational expectations (RE) for future behavior. We derive new theorems which state...