Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/7866
Título: | Political instability and inflation volatility |
Autor(es): | Aisen, Ari Veiga, Francisco José |
Palavras-chave: | Inflation Volatility Political instability Institutions |
Data: | Jun-2008 |
Editora: | Springer |
Revista: | Public Choice |
Citação: | Aisen, A., Veiga, F.J. Political instability and inflation volatility. Public Choice 135, 207–223 (2008). https://doi.org/10.1007/s11127-007-9254-x |
Resumo(s): | The purpose of this paper is to empirically analyze the effects of political instability, social polarization and the quality of institutions on inflation volatility over time and across countries. Using the system-GMM estimator for linear dynamic panel data models on a sample covering 160 countries, analyzed in the period from 1960 to 1999, this paper finds that higher degrees of political instability and social polarization, less democracy, and lower de facto central bank independence are associated with more volatile inflation rates. Furthermore, political instability has greater effects on inflation volatility in developing countries with lower degrees of central bank independence and economic freedom. |
Tipo: | Artigo |
Descrição: | The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy. |
URI: | https://hdl.handle.net/1822/7866 |
DOI: | 10.1007/s11127-007-9254-x |
ISSN: | 0048-5829 |
e-ISSN: | 1573-7101 |
Versão da editora: | https://link.springer.com/article/10.1007/s11127-007-9254-x |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Aisen_Veiga_2008_PC.pdf | Documento principal | 304,46 kB | Adobe PDF | Ver/Abrir |