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Do Credible Domestic Institutions Promote Credible International Agreements?

  • Conconi, Paola
  • Perroni, Carlo

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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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 5762.

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Date of creation: Jul 2006
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Handle: RePEc:cpr:ceprdp:5762
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