Showing 1 - 10 of 7,572
. However, coordination on a rule leaves arbitrators as a group vulnerable to manipulation by coalitions of employers or …
Persistent link: https://www.econbiz.de/10012475176
This paper examines issues in the current debate over coordination between fiscal and monetary policies. Section I1 … uses the traditional targets-instruments approach to assess the potential gains from greater coordination. Since greater … coordination is often equated with looser money and tighter fiscal policy, two econometric models of the economy are used to …
Persistent link: https://www.econbiz.de/10012478123
need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …
Persistent link: https://www.econbiz.de/10012464256
identify exogenous determinants of timing. We develop a theory illustrating conditions under which synchronicity will vary and … expect more coordination outside of their local areas are more responsive to the effects of time zones …
Persistent link: https://www.econbiz.de/10012466315
transparency is optimal. This is because more transparency facilitates more effective coordination, which is valuable from a social … ambiguity becomes optimal if there is a high risk that more transparency will lead to coordination failures …
Persistent link: https://www.econbiz.de/10012468302
We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key … of migration. We argue that the differences between the U.S. and the EU - the degree of coordination among the member …
Persistent link: https://www.econbiz.de/10012457063
In this paper we study how volatility in monetary policy affects economic performance in the presence of endogenously chosen information structures. To isolate the effects produced by the interaction of uncertainty in monetary policy and (possibly) asymmetric information, we consider a model in...
Persistent link: https://www.econbiz.de/10012471724
The foundations of incomplete contracts have been questioned using or extending the subgame perfect implementation approach of Moore and Repullo (1988). We consider the robustness of subgame perfect implementation to the introduction of small amounts of asymmetric information. We show that...
Persistent link: https://www.econbiz.de/10012463482
We present and experimentally test a mechanism that provides a simple, natural, low cost, and realistic solution to the problem of compliance with socially determined efficient actions, such as contributing to a public good. We note that small self-governing organizations often place enforcement...
Persistent link: https://www.econbiz.de/10012461627
We show that inefficiencies from having separate markets to correct an environmental externality are significantly mitigated when firms participate in an integrated product market. Firms take into account the distribution of externality prices and reallocate output from markets with high prices...
Persistent link: https://www.econbiz.de/10012453234