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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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 07-2017)
Main Authors: Hefeker, Carsten, Neugart, Michael
Format: Article
Published: Philipps-Universität Marburg 2017
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics