Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society's welfare and economic growth. However, determining the causes of the worldwide diversity of inflationary experiences is an important challenge not yet satisfactorily confronted by...

The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We show that higher degrees of political instability, ideological polarization, and political fragmentation are associated with higher inflation volatility.

This paper analyzes the impact of economic conditions on voter turnout at Portuguese legislative and municipal elections. We use four extensive datasets to estimate an economic turnout model in which local economic variables are included in quadratic form, so that non-linear effects can be taken...

This paper analyses the impact of economic conditions on Portuguese local electoral outcomes. We use two extensive datasets to estimate an economic voting model which accounts for the possibility that different levels of government have different levels of responsibility for economic outcomes...

This paper analyses the impact of economic conditions on Portuguese local electoral outcomes. We use two extensive datasets to estimate an economic voting model which accounts for the possibility that different levels of government have different levels of responsibility for economic outcomes...