HIGHLIGHTS
- who: JEL Classification E and collaborators from the (UNIVERSITY) have published the research work: Economia Politica 63 v16 n3 - 1996.indd, in the Journal: (JOURNAL)
- what: The model shows that inflation and new corporatism rekindle themselves in a cyclical manner, and that the oscillations in their values will depend on the initial conditions. Through institutional arrangements to regulate the transfers, subsidies and the supply of exclusive public goods, pressure on public expenditure should be avoided; (iii) the model shows the importance of creating mechanisms to change the initial conditions to move toward the equilibrium point . . .
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