| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP190 |
| DP190 International Policy Cooperation and Model Uncertainty | |
| Andrew Hughes Hallett; Gerald Holtham | |
| 发表日期 | 1987-07-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | The main obstacles to coordinating policies in practice are uncertainty about the correct model to use for policy design, and uncertainty about external variables. This paper examines the former problem. Numerical calculations using ten models from the recent Brookings Multicountry comparison exercise showed both policies and the gains to coordination are quite sensitive to model variations - and hence to model errors. A framework is therefore set up in which policy-makers are able to choose their model and their policies jointly in order to try and protect the gains from coordination from potential model misspecifications and/or disagreements over which model is most appropriate. That produces an alternative policy bargaining system and better results in terms of the success of coordination. |
| 主题 | International Macroeconomics |
| 关键词 | Bargaining Coordination policy robustness International policy cooperation Model uncertainty |
| URL | https://cepr.org/publications/dp190 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529346 |
| 推荐引用方式 GB/T 7714 | Andrew Hughes Hallett,Gerald Holtham. DP190 International Policy Cooperation and Model Uncertainty. 1987. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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