Edwards, Sebastian; Tabellini, Guido - Economics Research, World Bank Group - 1991
seek to determine why, for instance, some countries rely on the inflation tax while others use direct taxation, let alone … into three sections, one each for inflation, budget deficits, and devaluations, they find that: (a) the equilibrium … inflation rate is higher the more citizens disagree about which party should hold office, and the more unlikely it is that the …