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Foundations of Macroeconomic Policy Coordination

Fostering Dialogue as a Policy Tool in Latin America

Format *
This paper examines the theoretical foundations for macroeconomic policy coordination and the related empirical findings in Latin America, contributing an original analysis that advocates new dialogue mechanisms to facilitate coordination in this region. The theoretical survey is concerned with non-cooperative coordination games, including dynamic games and those with imperfect information. The practical value of these game-theoretic tools is illustrated using economic examples. One important result is that implementing different forms of dialogue in specific situations can help to reach a coordinated outcome with benefits across the board.
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Details:

Agency/Department
UN/Economic Commission for Latin America and the Caribbean
Print ISBN
9789211215687
Print Publication Date
Page Count
60
Print Sales Number
05.II.G.167
Series Title
Macroeconomía del Desarrollo

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