Cukierman, Alex and Mariano Tomassi (1998) " When Does it Take a Nixon to go to China." American Economic Review 88(1): 180-97. Home/Search Document Not in Database Summary Related Articles |
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The Political Economy of Latin American Economic Growth - Rodríguez (Correct)
....these models the inequality of the distribution of the gains and costs from the reform is fundamental in generating the stabilization s delay. In the Alesina and Drazen model, 45 For an explanation of why left wing or populis t parties may be in a better position to undertake stabilizations see Cukierman and Tomassi, 1998. when the stabilization s costs are borne equally, the expected delay of the stabilization collapses to zero, whereas in the Fernandez and Rodrik model, the status quo bias emerges precisely from the fact that losers from the reform are not being compensated the gains are distributed ....
Cukierman, Alex and Mariano Tomassi (1998) " When Does it Take a Nixon to go to China." American Economic Review 88(1): 180-97.
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