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https://hdl.handle.net/1822/7246
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Aisen, Ari | - |
dc.contributor.author | Veiga, Francisco José | - |
dc.date.accessioned | 2007-12-13T22:04:09Z | - |
dc.date.available | 2007-12-13T22:04:09Z | - |
dc.date.issued | 2004 | - |
dc.identifier.citation | CONFERÊNCIA ANUAL DA SOCIEDADE PORTUGUESA DE INVESTIGAÇÃO EM ECONOMIA (SPiE), 9, Lisboa, Portugal, 2004 – “Conferência Anual da Sociedade Portuguesa de Investigação em Economia : actas”. [Lisboa : SPIE, 2004]. | eng |
dc.identifier.uri | https://hdl.handle.net/1822/7246 | - |
dc.description.abstract | Economists generally accept the proposition that high and volatile inflation rates generate inefficiencies that reduce society’s welfare. Furthermore, studies have shown that inflation is harmful to economic growth. However, determining the causes of the worldwide diversity of inflationary experiences is an important challenge not yet satisfactorily confronted by the profession. Based on a broad dataset covering over 100 countries for the period 1975-1997 and using dynamic and static panel data econometric techniques, this paper shows that a higher degree of political instability is associated with both higher inflation levels and volatility. Not only does this paper advance the political economy literature establishing a relationship between inflation moments and political instability, but it also has important policy implications regarding the optimal design of inflation stabilization programs and of the institutions favorable to price stability. | eng |
dc.description.sponsorship | The authors wish to thank Carlos Végh and Henry Chappell for very helpful comments. Francisco Veiga also wishes to express his gratitude for the financial support of the Portuguese Foundation for Science and Technology (FCT), under research grant POCTI/32491/ECO/2000, and acknowledge the research assistance of Helena Fernandes. | - |
dc.language.iso | eng | eng |
dc.publisher | Sociedade Portuguesa de Investigação em Economia | eng |
dc.rights | openAccess | eng |
dc.subject | Inflation | eng |
dc.subject | Volatility | eng |
dc.subject | Political instability | eng |
dc.subject | Institutions | eng |
dc.title | Does political instability lead to higher and more volatile inflation? A panel data analysis | eng |
dc.type | conferencePaper | eng |
dc.peerreviewed | yes | eng |
sdum.publicationstatus | published | eng |
oaire.citationConferenceDate | 8 Out. - 09 Out. 2004 | eng |
sdum.event.location | Lisboa, Portugal | eng |
sdum.event.title | 9ª Conferência Anual da Sociedade Portuguesa de Investigação em Economia | eng |
sdum.event.type | conference | eng |
dc.subject.jel | E31 | - |
dc.subject.jel | E63 | - |
Aparece nas coleções: | NIPE - Comunicações a Conferências |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Aisen_Veiga_2004_SPIE.pdf | Documento principal | 246,88 kB | Adobe PDF | Ver/Abrir |