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 …

need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …

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 …

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 …

. However, coordination on a rule leaves arbitrators as a group vulnerable to manipulation by coalitions of employers or …