Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/5757

TitleDoes political instability lead to higher inflation? a panel data analysis
Author(s)Veiga, Francisco José
Aisen, Ari
KeywordsInflation
Political instability
Institutions
Issue dateAug-2006
PublisherThe Ohio State University
JournalJournal of money, credit and banking
Citation"Journal of money, credit and banking". ISSN 0022-2879. 38:5 (Aug. 2006) 1379-1389.
Abstract(s)The main purpose of this paper is to empirically determine the main causes of the worldwide diversity of inflationary experiences, a challenge not yet satisfactorily confronted by the profession for two fundamental reasons. First, empirical models explaining inflation in the literature generally fail to account for inflation inertia and for the endogeneity of important economic and political variables affecting inflation. We use system-generalized method of moments (GMM) estimation applied to dynamic panel data to address some of the econometric limitations of the OLS models previously used in the literature. Second, several political variables used as explanatory variables in earlier studies were relatively poorer.
TypeArticle
URIhttp://hdl.handle.net/1822/5757
DOI10.1353/mcb.2006.0064
ISSN0022-2879
Peer-Reviewedyes
AccessOpen access
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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