Bold Push Out of Coordination Failures

The John Gokongwei School of Management invites you to a Brown Bag Session on
"Bold Push Out of Coordination Failures"
Our presenter is Dr. Luis F. Dumlao, former Dean of the John Gokongwei School of Management and Associate Professor and former Chair of the Department of Economics in Ateneo de Manila University.

This will be held on Wednesday, 10 May 2023 from 12:00 - 1:30PM at the Cabochan Room, SOM 307 and online via Zoom.
Please register here: https://bit.ly/jgsombrownbag10may2023

About the Speaker:

Luis F. Dumlao is an Associate Professor of Economics, former dean of the John Gokongwei School of Management and former chair of the Department of Economics in Ateneo de Manila University. His field of interests are in macroeconomics, international finance and financial economics and his recent researches are in mandatory credit allocation of banks in targeted sectors, supervisory fees for banks and coordination failures. Prior to joining Ateneo, Dr. Dumlao worked as actuarial technician for Insurance Services Office, Inc. then located in the old World Trade Center in New York City. Dr. Dumlao earned his doctorate in Economics from Fordham University, the Jesuit University of New York City. 

Brief Description of the Topic:

In coordination failures, starting from a low equilibrium, because each individual agent takes that state as given, no individual will increase output resulting in a demand externality that stunts demand, and that keeps the state of a system to a low output equilibrium. In the seminal paper of Cooper and John (1988), the title “Coordinating Coordination Failures in Keynesian Models” outrightly proposes that coordinating agents is the solution to the failure. In this paper, a complementary solution which is a "Bold Push" is proposed. This is exhibited in multi disciplinal cases such as in bystander effect in global warming and the theory of mind in credit markets.