Political parties and inflation in Greece: the metamorphosis of the Socialist Party on the way to EMU
This paper examines the inflationary consequences of elected political parties in Greece before and after its commitment to the Single European Act (SEA). It is shown that prior to the SEA there is evidence of an inflation bias following elected Socialist governments in Greece, whereas after the SEA this bias is shown to move the opposite direction. Political wins to conservative governments are shown to have insignificant effects on inflation. With no change in the inflationary effects following conservative wins, the change of Socialists from inflationary to anti-inflationary is shown to have overturned the political partisan cycle in Greece since the SEA.
Year of publication: |
2000
|
---|---|
Authors: | Bratsiotis, George |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 7, p. 451-454
|
Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
Saved in favorites
Similar items by person
-
German macro: How it’s Different and Why that Matters
Bratsiotis, George, (2016)
-
Credit Risk, Excess Reserves and Monetary Policy: The Deposits Channel
Bratsiotis, George, (2018)
-
Precautionary liquidity shocks, excess reserves and business cycles
Bratsiotis, George, (2020)
- More ...