Verfügbarkeit: Does Political Instability Lead to Higher Inflation?

Does Political Instability Lead to Higher Inflation?: A Panel Data Analysis

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 confront...

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1. Verfasser:	Aisen, Ari (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2005
Schriftenreihe:	IMF Working Papers Working Paper No. 05/49
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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 profession. Based on a dataset covering around 100 countries for the period 1960-99 and using modern panel data econometric techniques to control for endogeneity, this paper shows that a higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications for the optimal design of inflation-stabilization programs and of the institutions favorable to price stability
Beschreibung:	1 Online-Ressource (15 p)
ISBN:	1451860684 9781451860689

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spelling	Aisen, Ari Verfasser aut Does Political Instability Lead to Higher Inflation? A Panel Data Analysis Aisen, Ari Washington, D.C International Monetary Fund 2005 1 Online-Ressource (15 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 05/49 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 profession. Based on a dataset covering around 100 countries for the period 1960-99 and using modern panel data econometric techniques to control for endogeneity, this paper shows that a higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications for the optimal design of inflation-stabilization programs and of the institutions favorable to price stability Online-Ausg Veiga, Francisco José Sonstige oth http://elibrary.imf.org/view/IMF001/01834-9781451860689/01834-9781451860689/01834-9781451860689.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Aisen, Ari Does Political Instability Lead to Higher Inflation? A Panel Data Analysis
title	Does Political Instability Lead to Higher Inflation? A Panel Data Analysis
title_auth	Does Political Instability Lead to Higher Inflation? A Panel Data Analysis
title_exact_search	Does Political Instability Lead to Higher Inflation? A Panel Data Analysis
title_exact_search_txtP	Does Political Instability Lead to Higher Inflation? A Panel Data Analysis
title_full	Does Political Instability Lead to Higher Inflation? A Panel Data Analysis Aisen, Ari
title_fullStr	Does Political Instability Lead to Higher Inflation? A Panel Data Analysis Aisen, Ari
title_full_unstemmed	Does Political Instability Lead to Higher Inflation? A Panel Data Analysis Aisen, Ari
title_short	Does Political Instability Lead to Higher Inflation?
title_sort	does political instability lead to higher inflation a panel data analysis
title_sub	A Panel Data Analysis
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