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 …

coordination costs fell during this period. We then propose a "hierarchical production function" in which output is the product of … coordination costs fell broadly and steadily during this period, so that hiring one's first associate leveraged a partner's skill …

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

expect more coordination outside of their local areas are more responsive to the effects of time zones …

Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …

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 …

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities …, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …

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