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democracy. In addition, public deficit volatility tends to be magnified for small countries, in the outcome of hyper …This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using … show that higher public deficit volatility is typically associated with higher levels of political instability and less …
Persistent link: https://www.econbiz.de/10011605088
democracy. In addition, public deficit volatility tends to be magnified for small countries, in the outcome of hyper …This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using … show that higher public deficit volatility is typically associated with higher levels of political instability and less …
Persistent link: https://www.econbiz.de/10012764289
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...
Persistent link: https://www.econbiz.de/10013318074
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...
Persistent link: https://www.econbiz.de/10014055638
higher inflation levels and volatility. Not only does this paper advance the political economy literature establishing a …
Persistent link: https://www.econbiz.de/10014074634
Persistent link: https://www.econbiz.de/10010212615
The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We … with higher inflation volatility …
Persistent link: https://www.econbiz.de/10012779158
quality of institutions on inflation volatility over time and across countries. Using the system-GMM estimator for linear … higher degrees of political instability and social polarization, less democracy, and lower de facto central bank independence … volatility in developing countries with lower degrees of central bank independence and economic freedom …
Persistent link: https://www.econbiz.de/10012770803
The purpose of this paper is to empirically determine the causes of the worldwide diversity of inflation volatility. We … higher inflation volatility …
Persistent link: https://www.econbiz.de/10014058479
This paper empirically studies the impact of the quality of political institutions on the link between central bank independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible nonlinearities, we employ interaction models to...
Persistent link: https://www.econbiz.de/10009012047