Non-cooperative and Cooperative Policy Reforms under Uncertainty and Spillovers
When countries need to implement costly economic policy reforms, these often imply uncertainties about their effectiveness for the home country and their spillovers to other countries. We develop a model to show that under these circumstances countries implement too few or too many policy reform...
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Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 07-2017) |
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Main Authors: | , |
Format: | Article |
Language: | English |
Published: |
Philipps-Universität Marburg
2017
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Subjects: | |
Online Access: | PDF Full Text |
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MAGKS - Joint Discussion Paper Series in Economics