Coordination is central to social interactions. Theory and conventional lab experiments suggest that cheap talk …/communication can enhance coordination under certain conditions. Two aspects that remain underexplored are (1) the interaction between … both of these by studying a typical naturally-occurring setting that requires coordination; that is, one where members of …

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 …

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 …

uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …

This paper places current efforts at international economic policy coordination in historical perspective. It argues …

-stakes environment. For most others, improved coordination implies a drastic decline in monetary winnings. Prior to playing the social …

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