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TitlePolitical business cycles and inflation stabilization
Author(s)Castro, Vítor
Veiga, Francisco José
KeywordsInflation stabilization
Nominal anchors
Political business cycles
Issue dateApr-2004
JournalEconomics Letters
Citation"Economics letters". 83:1(2004) 1-6.
Abstract(s)This article analyzes the effects of the timing of elections on the timing and character of adopted inflation stabilization plans. Multinomial logit estimations show that before elections exchange rate-based stabilizations are more likely to be implemented than money-based stabilizations, while the opposite is more likely after elections.
AccessOpen access
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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