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DP5762
Do Credible Domestic Institutions Promote Credible International Agreements?
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Publication Date:
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July 2006
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Link to this Page:
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www.cepr.org/pubs/dps/DP5762.asp.asp
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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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