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worldwide level of interest rates received in the recent debate about the world savings and liquidity glut as one of the main …
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estimating panel regressions for a world and an OECD country sample. The empirical results suggest a positive correlation between …
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This paper studies the effect of foreign aid on economic stabilization. Following Alesina and Drazen (1991), we model the delay in stabilizing as the result of a distributional struggle: reforms are postponed because they are costly and each distributional faction hopes to reduce its share of...
Persistent link: https://www.econbiz.de/10005778430
This paper studies the effect of foreign aid on economic stabilization. Following Alesina and Drazen (1991), we model the delay in stabilizing as the result of a distributional struggle: reforms are postponed because they are costly and each distributional faction hopes to reduce its share of...
Persistent link: https://www.econbiz.de/10005067601
Persistent link: https://www.econbiz.de/10000885298
This paper studies the effect of foreign aid on economic stabilization. Following Alesina and Drazen (1991), we model the delay in stabilizing as the result of a distributional struggle: reforms are postponed because they are costly and each distributional faction hopes to reduce its share of...
Persistent link: https://www.econbiz.de/10012474234