Why Are Stabilizations Delayed
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Why Are Stabilizations Delayed
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Author : Alberto Alesina
language : en
Publisher: London, Ont. : University of Western Ontario, Political Economy Research Group
Release Date : 1989
Why Are Stabilizations Delayed written by Alberto Alesina and has been published by London, Ont. : University of Western Ontario, Political Economy Research Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Budget deficits categories.
When a stabilization has significant distributional implications (as in the case of tax increases to eliminate a large budget deficit) different socio-economic groups will attempt to shift the burden of stabilization onto other groups. The process leading to a stabilization becomes a "war of attrition", with each group finding it rational to attempt to wait the others out. Stabilization occurs only when one group concedes and is forced to bear a disproportionate share of the burden of fiscal adjustment. We solve for the expected time of stabilization in a model of "rational" delay based on a war of attrition and present comparative statics results relating the expected time of stabilization to several political and economic variables. We also motivate this approach and its results by comparison to historical episodes
Why Are Stabilizations Delayed
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Author :
language : en
Publisher:
Release Date : 1989
Why Are Stabilizations Delayed written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with categories.
Why Are Stabilizations Delayed
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Author : Alesina, Alberto
language : en
Publisher: London, Ont. : University of Western Ontario, Political Economy Research Group
Release Date : 1990
Why Are Stabilizations Delayed written by Alesina, Alberto and has been published by London, Ont. : University of Western Ontario, Political Economy Research Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with categories.
Papers In Political Economy 1 4 Why Are Stabilizations Delayed Alberto Alesina Allan Drazen The Debate Over Electoral Systems
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Author : University of Western Ontario. Political Economy Research Group
language : en
Publisher:
Release Date : 1990
Papers In Political Economy 1 4 Why Are Stabilizations Delayed Alberto Alesina Allan Drazen The Debate Over Electoral Systems written by University of Western Ontario. Political Economy Research Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with categories.
The Political Economy Of Delayed Stabilizations
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Author : Raúl Labán M.
language : en
Publisher:
Release Date : 1993
The Political Economy Of Delayed Stabilizations written by Raúl Labán M. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
The Political Economy Of Delayed Stabilizations
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Author : Raúl Labán
language : en
Publisher:
Release Date : 1993
The Political Economy Of Delayed Stabilizations written by Raúl Labán and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
The Political Economy Of Reform
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Author : Federico Sturzenegger
language : en
Publisher: MIT Press
Release Date : 1998
The Political Economy Of Reform written by Federico Sturzenegger and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
In this book, Federico Sturzenegger and Mariano Tommasi propose formal models to answer some of the questions raised by the recent reform experience of many Latin American and eastern European countries.
The Economics Of Transition
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Author : Egor Timurovich Gaĭdar
language : en
Publisher: MIT Press
Release Date : 2003
The Economics Of Transition written by Egor Timurovich Gaĭdar and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
This collection of essays discuss the economic policy problems that confront postcommunist countries. Most chapters focus on liberalization of the exchange rate and trade system, macroeconomic stabilization, and institutional reform.
Lessons Of Economic Stabilization And Its Aftermath
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Author : Banḳ Yiśraʼel
language : en
Publisher: MIT Press
Release Date : 1991
Lessons Of Economic Stabilization And Its Aftermath written by Banḳ Yiśraʼel and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
Comprises essays presented at a conference held in Jerusalem in 1990.
Fiscal Policy Stabilization And Growth
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Author : Guillermo E. Perry
language : en
Publisher: World Bank Publications
Release Date : 2007-10-19
Fiscal Policy Stabilization And Growth written by Guillermo E. Perry and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10-19 with Business & Economics categories.
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.