approach to resolve multiple equilibria by introducing incomplete information, thereby yield- ing unique equilibrium …This article provides a practical overview for applying the global games approach to solve models with multiple … equilibria that are often used in discussions on fi- nancial and macroprudential policies. Global games offer a tractable …

approach to resolve multiple equilibria by introducing incomplete information, thereby yield- ing unique equilibrium …This article provides a practical overview for applying the global games approach to solve models with multiple … equilibria that are often used in discussions on fi- nancial and macroprudential policies. Global games offer a tractable …

uncertain environment. Multiple equilibria emerge and expectations may play a key role in equilibrium selection. In this paper …