Results 11 to 20 of about 5,628,833 (315)
Coordination and Policy Traps [PDF]
, 2003 This paper examines the ability of a policy maker to fashion equilibrium outcomes in an environment where market participants play a coordination game with heterogeneous information. We consider a simple model of regime change that embeds many applications examined in the literature.
Angeletos, Marios +2 more
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Explicitly Coordinated Policy Iteration [PDF]
Proceedings of the Twenty-Eighth International Joint Conference on Artificial Intelligence, 2019 Coordination on an optimal policy between independent learners in fully cooperative stochastic games is difficult due to problems such as relative overgeneralization and miscoordination. Most state-of-the-art algorithms apply fusion heuristics on agents' optimistic and average rewards, by which coordination between agents can be achieved implicitly ...
Yujing Hu +3 more
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Coordinated Proximal Policy Optimization
CoRR, 2021 We present Coordinated Proximal Policy Optimization (CoPPO), an algorithm that extends the original Proximal Policy Optimization (PPO) to the multi-agent setting. The key idea lies in the coordinated adaptation of step size during the policy update process among multiple agents.
Zifan Wu +5 more
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Monetary policy transmission and policy coordination in China
China Economic Review, 2022 We study the transmission of conventional monetary policy in China, focusing on the interaction between monetary and fiscal policy given the unique institutional set-up for macroeconomic policy making. Our results suggest some progress but also continued difficulties in the transmission of monetary policy. Similar to recent studies, we find evidence of
Sonali Das, Wenting Song
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Coordinating Monetary and Macroprudential Policies [PDF]
Journal of Money, Credit and Banking, 2013 This paper studies noncooperative games between a monetary authority and a macroprudential regulator whose objectives are a subset of those in the social loss function. The analysis is based on a New Keynesian model with a financial sector and a financial friction à la Gertler and Karadi (2011). When the friction affects the financing of all factors of
Bianca De Paoli, Matthias Paustian
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Coordination Failures in Immigration Policy [PDF]
WTO Working Papers, 2011 We propose a theoretical framework for analyzing the problems associated to unilateral immigration policy in receiving countries and for evaluating the grounds for reform of international institutions governing immigration. We build a model with multiple destination countries and show that immigration policy in one country is influenced by measures ...
GIORDANI, PAOLO, M. Ruta
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Public Debt Evolution in the Eurozone and the Need of Policy Coordination [PDF]
Theoretical and Applied Economics, 2010 The Eurozone sustainability could become a real challenge in the current economical environment, characterized by uncertainty and lack of credibility. The issue of public debts represents a threat for the European financial system, while the coordination
Andrei HREBENCIUC
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European Journal for Research on the Education and Learning of Adults, 2019 This article examines the working of complex intergovernmental policies that have brought about new opportunities and structures in European adult education since the 2008 global financial crisis. Drawing on political sociology, it restricts attention on
Marcella Milana +2 more
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Global Coordination Policies for Services
Electronic Notes in Theoretical Computer Science, 2010 AbstractAn important issue of the service oriented approach is the possibility to aggregate, through programmable coordination patterns, the activities involved by service interactions. Two different approaches can be adopted to tackle service coordination: orchestration and choreography.
Vincenzo Ciancia +3 more
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Is Fiscal Policy Coordination in EMU Desirable? [PDF]
IMF Working Papers, 2001 It is widely argued that Europe's unified monetary policy calls for international coordination at the fiscal level. We survey the issues involved in such coordination in the perspective of macroeconomic stabilization. A simple model identifies the circumstances under which coordination may be desirable. Coordination is beneficial when the cross-country
Roel M. W. J. Beetsma +2 more
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