union in the presence of stabilization policy, unionized labour markets and monopolistically competitive price setting firms … and a unified stabilization policy are evaluated. …

This paper studies the effect of foreign aid on economic stabilization. Following Alesina and Drazen (1991), we model … transferred sufficiently early into the game leads to earlier stabilization; but aid decided or transferred too late is …

When governments attempt stabilization why do they not undertake a programme certain to succeed? The paper discusses … one-shot game in which policy-makers are uncertain about the response of the instruments or the post-stabilization … economic environment. As a positive theory of stabilization, the paper identifies the factors that increase the chances of …

close substitutes? What have been the implications of the EMS for the longer-run stabilization of real exchange rates …

early stages of stabilization. Other countries, like Bolivia, had already run the course and stabilized or, like Mexico, had … avoided the extreme experience and opted for stabilization promptly and decisively. The lessons from these case studies, and … paper investigates the dynamics of high inflation and the essential steps in stabilization. …