Is sovereign policymaking bad?

Abreu, 1982 Alesina, 1986 Backus, 1985, Rational Expectations and Policy Credibility Following a Change in Regime, Review of Economic Studies, 52, 211, 10.2307/2297617 Barro, 1985 Barro, 1983, Rules, Discretion and Reputation in a Model of Monetary Policy, Journal of Monetary Economics, 12, 101, 10.1016/0304-3932(83)90051-X Canzoneri, 1985, Monetary Policy Games and the Role of Private Information, American Economic Review, 75, 1056 Canzoneri, 1985, Monetary Policy Games and the Consequences of Non-Cooperative Behavior, International Economic Review, 26, 547, 10.2307/2526702 Canzoneri, 1987, Optimal Choice of Monetary Policy Instruments in a Simple Two-County Game Canzoneri, M. and Henderson, D. (forthcoming) Noncooperative Monetary Policies in Interdependent Economies. Canzoneri, 1986, When International Policy Coordination Matters: An Empirical Analysis, CEPR Discussion Paper No. 119 Currie, 1987 Fischer, 1980, Dynamic Inconsistency, Cooperation and the Benevolent Dissembling Government, Journal of Economic Dynamics and Control, 2, 93, 10.1016/0165-1889(80)90053-6 Friedman, 1971, A Noncooperative Equilibrium for Supergames, Review of Economic Studies, 38, 1, 10.2307/2296617 Friedman, 1985, Trigger Strategy Equilibria in Finite Horizon Supergames, Journal of Economic Theory, 35, 390, 10.1016/0022-0531(85)90051-1 Friedman, 1986 Giavazzi, 1985, Monetary Policy Interactions Under Managed Exchange Rates, CEPR Discussion Paper No. 123 Hamada, 1976, A Strategic Analysis of Monetary Interdependence, Journal of Political Economy, 84, 677, 10.1086/260471 Henderson, 1984, Exchange Market Intervention Operations: Their Role in Financial Policy and Their Effects, 357 Hughes-Hallett, 1986, International Policy Design and the Sustainability of Policy Bargains, Journal of Economic Dynamics and Control, 10, 467, 10.1016/S0165-1889(86)80004-5 Kehoe, 1986, International Policy Cooperation May Be Undesirable, Federal Reserve Bank of Minneapolis Staff Report 103 Kreps, 1982, Rational Cooperation in the Finitely Repeated Prisoners Dilemma, Journal of Economic Theory, 27, 245, 10.1016/0022-0531(82)90029-1 Kydland, 1977, Rules Rather than Discretion: The Inconsistency of Optimal Plans, Journal of Political Economy, 85, 473, 10.1086/260580 McKibbin, 1986, Comparing the Global Performance of Alternative Exchange Arrangements, Brookings Discussion Papers in International Economics No. 49 McKinnon, 1982, Currency Substitution and Instability in the World Dollar Standard, American Economic Review, 72, 320 Melitz, 1985, The Welfare Case for the European Monetary System, Journal of International Money and Finance, 4, 485, 10.1016/0261-5606(85)90025-7 Miller, 1985, Policy Coordination and Dynamic Games Oudiz, 1985, European Policy Coordination: An Evaluation, Recherches Economiques de Louvain, 51, 301, 10.1017/S0770451800082658 Oudiz, 1984, Macroeconomic Policy Coordination Among the Industrial Countries, Brookings Papers on Economic Activity, 1, 10.2307/2534275 Oudiz, 1985, International Policy Coordination in Dynamic Macroeconomic Models Poole, 1970, Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model, Quarterly Journal of Economics, 84, 197, 10.2307/1883009 Rogoff, 1987, Reputational Constraints on Monetary Policy, 26, 141 Rogoff, 1985, Can International Monetary Policy Cooperation be Counter-productive?, Journal of International Economics, 18, 199, 10.1016/0022-1996(85)90052-2 Rotemberg, 1986, A Supergame-Theoretic Model of Price Wars During Booms, American Economic Review, 76, 390 Roth, 1983, Expectations and Reputations in Bargaining: An Experimental Study, American Economic Review, 73, 362 Turnovsky, 1986