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 …

data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We …

participants play a coordination game with information heterogeneity. We consider defense policies against speculative currency …