Policy cooperation among benevolent governments may be undesirable Público Deposited

Alpha creator Series Issue number
  • 373
Palabra Clave 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.”

Abstract
  • 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.
Colaboradores Date created
  • 1987-10
Date modified
  • 03/15/2018
Publisher
  • Federal Reserve Bank of Minneapolis. Research Division.
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