Discussion paper

DP5762 Do Credible Domestic Institutions Promote Credible International Agreements?

We examine the relationship between international policy coordination and domestic policy reputation when both are self-sustaining. We show that domestic policy commitment does not necessarily facilitate international cooperation; rather, efficient polices may be most easily sustained when countries are unable to pre-commit to policy domestically. Moreover, lack of domestic commitment is more likely to facilitate international cooperation the larger are the international spillovers of domestic policies.

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Citation

Perroni, C and P Conconi (eds) (2006), “DP5762 Do Credible Domestic Institutions Promote Credible International Agreements?”, CEPR Press Discussion Paper No. 5762. https://cepr.org/publications/dp5762