This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...

This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...

One’s social identity tends to lead one to favor those belonging to one’s group; this ingroup bias may lead to problematic relationships. At the same time, communication has been found to have beneficial social consequences in controlled laboratory experiments. An important question is...

This paper aims at assessing the macroeconomic and distributional impact of the Italian National Recovery and Resilience Plan (NRRP), which translates the Next Generation EU into action. We use a large-scale dynamic stochastic general equilibrium model adapted to capture the effects of the NRRP...