Now showing items 1-2 of 2

    • Coordination failures and slow recoveries in macroeconomics 

      Wong, Victor
      Coordination failures are one of the possible reasons why economies suffer during a recession and why they take long time to recover. This work studies a macroeconomic model with endogenous hazard rates that captures in a ...
    • Coordination failures in business cycles 

      Machado, Caio Henrique
      Coordination failures are often said to play an important role in business cycles. If agents’ incentives of taking a given action depend on the amount of other agents expected to take the same action, coordination failures ...