Subramanian, Arvind; Satyanath, Shanker - In: Panoeconomicus 55 (2008) 1, pp. 3-37
macroeconomic outcomes. Surprisingly, given the widespread attention accorded to the effects of populist democracy on inflation …, democracy robustly serves to reduce inflation over the long term. A one standard deviation increase in democracy reduces … robust to alternative measures of democracy,samples, covariates, and definitions of societal division. It is particularly …