Policy cooperation among benevolent governments may be undesirable Public Deposited

Creator Series Issue number
  • 373
Keyword Subject Description
  • Versions of this report were published under the titles “International Policy Cooperation May Be Undesirable” and “Policy Cooperation Among Benevolent Governments May Be Undesirable.”

  • This paper presents a simple counterexample to the belief that policy cooperation among benevolent governments is desirable. It also explains circumstances under which such counterexamples are possible and relates them to the literature on time inconsistency.
Alternative title
  • International policy cooperation may be undesirable / Patrick J. Kehoe.
Contributor Date Created
  • 1987-10
Date Modified
  • 03/15/2018
  • Federal Reserve Bank of Minneapolis. Research Division.
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