Why are Stabilizations Delayed?


Alesina, Alberto, and Allan Drazen. 1991. “Why are Stabilizations Delayed?” American Economic Review 81: 1170-1188.


Reprinted in T. Persson and G. Tabellini, (eds), Monetary and Fiscal Policy, M.I.T. Press, 1994 and in F. Sturzenegger and M. Tommasi (eds.), The Political Economy of Reform, MIT Press, 1998, pp. 77-103.

Last updated on 12/04/2012