Policy Coordination Under Model Disagreement and Uncertainty View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-03-02

AUTHORS

Carsten Hefeker, Michael Neugart

ABSTRACT

What are the incentives for governments to coordinate their policies internationally when there is model disagreement 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 agree on cooperation. Thus, uncertainty about spillovers can be a substitute for model agreement. More... »

PAGES

1-19

References to SciGraph publications

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s11079-019-09529-7

DOI

http://dx.doi.org/10.1007/s11079-019-09529-7

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1112503040


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