Hörisch, Hannah - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2004
This paper addresses the question how the expectation of unconditional external shocks like foreign aid increase or decrease saving and, thus, accelerate or delay macroeconomic stabilizations. We build on Casella and Eichengreen (1996) who first used Alesina and Drazen's (1991) war-of-attrition...