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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/10013124660
uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …
Persistent link: https://www.econbiz.de/10013124854
affecting IT's value and explore underlying mechanisms through which IT facilitates the coordination of labor inputs. We link … case mix. We decompose the impact of health IT into care coordination, clinical information management, and other … coordination and extensive clinical information management …
Persistent link: https://www.econbiz.de/10013088406
This paper places current efforts at international economic policy coordination in historical perspective. It argues …
Persistent link: https://www.econbiz.de/10013091942
coordination costs fell during this period. We then propose a quot;hierarchical production functionquot; in which output is the … that coordination costs fell broadly and steadily during this period, so that hiring one's first associate leveraged a …
Persistent link: https://www.econbiz.de/10012764834
need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …
Persistent link: https://www.econbiz.de/10012769881
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/10013014302
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/10012922220
Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10013216888
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/10013242923