and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and … show that uncertainty not only determines the type of cooperative policy but also whether countries want to cooperate at … all. Countries facing larger model disagreement also need to face larger uncertainty with respect to policy spillovers to …

choice deviate from what citizens want but that an increase in uncertainty about policy outcomes decreases this distortion. …

We examine monetary and fiscal interactions in a monetary union model with uncertainty due to imperfect central bank … transparency. It is first shown that monetary uncertainty discourages excessive taxation and may thus reduce average inflation and … output distortions. However, as countries enter the monetary union, this tax-restraining effect of uncertainty is mitigated …

the incentives for governments for labor market reform increase with the uncertainty that is involved in the … panel of OECD countries. -- labor market regulation ; labor courts ; uncertainty ; unemployment …