Primeron Reforms in a Second-Best Ambiguous Environment : A Case for Gradualism /
Ambiguity, as opposed to uncertainty, reflects lack of sufficient information about distribution and payoffs of infrequent events. Reforms are infrequent events, undertaken in ambiguous second-best environments where bad reform outcomes are feasible. A general case for the gradualist reform strategy...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2002/050 |
| Online-ссылка: | Full text available on IMF |