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coordination, the number of signals they acquire may decrease in the number released. The optimal quantity of communication is …
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consensus values. Strategic coordination can consequently explain poor performances of prediction markets as resulting from the … robustness of coordination in a forecasting setting implementing contradictory incentives for accurate forecasts and coordination …. Forecasts are shown to be inaccurate and biased toward current values. This in turn has subjects aiming at coordination benefits …
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Today, debt stabilization in an uncertain environment is an important issue. In particular, the question how fiscal and monetary authorities should deal with this uncertainty is very important. Especially for some developing countries such as Iran, in which on average 60 percent of government...
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Strategic interaction between fiscal and monetary authorities and economic agents, can lead to the creation of more populism than is socially optimal. The tradeoffs through which this occurs, important for a populous democracy with a large number of poor, is that between populism and growth....
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policy regime, there is greater need for policy coordination: the specific choice of monetary policy limits the set of fiscal …
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assigning conservative mandates (á la Rogoff [1985]) and having one of the authorities act as a leader can mitigate coordination …
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