| Título: | Why Are Stabilizations Delayed? |
| Autores: |
Drazen, Allan Alesina, Alberto |
| Fecha: |
2010-11-09 1988 2010-11-09 |
| Publicador: | American Economic Association |
| Fuente: |
Ver documento |
| Tipo: | Journal Article |
| Tema: | |
| Descripción: |
When a stabilization has significant distributional implications (e.g., tax increases to eliminate a large budget deficit), socioeconomic groups may attempt to shift the burden of stabilization onto other groups. The process leading to stabilization becomes a "war of attrition," each group attempting to wait the others out and stabilization occurring only when one group concedes and bears a disproportionate share of the burden. We solve for the expected time of stabilization in a model of "rational" delay and relate it to several political and economic variables. We motivate this approach and its results by comparison to historical and current episodes. Economics |
| Idioma: | Inglés |
1 Direct parsing of ID/LP grammars por Shieber, Stuart | 6 Semantic-head-driven generation por Moore, Robert C.,Pereira, Fernando C. N.,van Noord, Gertjan,Shieber, Stuart |
2 Synchronous grammars as tree transducers por Shieber, Stuart | 7 Ellipsis and higher-order unification por Pereira, Fernando C. N.,Dalrymple, Mary,Shieber, Stuart |
3 Automatic yellow-pages pagination and layout por Marks, Joe,Shieber, Stuart,Johari, Ramesh,Partovi, Ali | 8 Generation and synchronous tree-adjoining grammars por Shieber, Stuart,Schabes, Yves |
4 Evidence against the context-freeness of natural language por Shieber, Stuart | 9 The Research Library in the Digital Age por Darnton, Robert |
5 An algorithm for generating quantifier scopings por Hobbs, Jerry,Shieber, Stuart | 10 The Turing test as interactive proof por Shieber, Stuart |