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Answer to Question #69820 in Other Economics for Chandrani

Question #69820
What are the problems of international policy coordination and how are they solved
Expert's answer
Among the problems of international policy coordination are:
- uncertainty as to the correct initial position of the economy;
- uncertainty as to the correct objective;
- uncertainty as to the correct model linking policy actions to their effects in the economy.
It is possible to deal with them on the condition of policy-maker agreement about the correct action model.

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