Heinemann, Friedrich; Westerheide, Peter; Rotfuß, Waldemar - In: Zeitschrift für Wirtschaftspolitik 57 (2008) 3, pp. 340-370
Abstract Immediate effects of institutional reforms on growth and employment are highly important for political agents who frequently have short time horizons. Positive effects of expectations are a suitable transmission channel for a fast success of economic reforms. We analyse whether economic...
