Political instability and inflation volatility

Detalhes bibliográficos
Autor(a) principal: Aisen, Ari
Data de Publicação: 2008
Outros Autores: Veiga, Francisco José
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/7866
Resumo: The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy.
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spelling Political instability and inflation volatilityInflationVolatilityPolitical instabilityInstitutionsSocial SciencesThe views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy.The purpose of this paper is to empirically analyze the effects of political instability, social polarization and the quality of institutions on inflation volatility over time and across countries. Using the system-GMM estimator for linear dynamic panel data models on a sample covering 160 countries, analyzed in the period from 1960 to 1999, this paper finds that higher degrees of political instability and social polarization, less democracy, and lower de facto central bank independence are associated with more volatile inflation rates. Furthermore, political instability has greater effects on inflation volatility in developing countries with lower degrees of central bank independence and economic freedom.SpringerUniversidade do MinhoAisen, AriVeiga, Francisco José2008-062008-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/7866engAisen, A., Veiga, F.J. Political instability and inflation volatility. Public Choice 135, 207–223 (2008). https://doi.org/10.1007/s11127-007-9254-x0048-58291573-710110.1007/s11127-007-9254-xhttps://link.springer.com/article/10.1007/s11127-007-9254-xinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:32:42Zoai:repositorium.sdum.uminho.pt:1822/7866Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:28:05.104847Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Political instability and inflation volatility
title Political instability and inflation volatility
spellingShingle Political instability and inflation volatility
Aisen, Ari
Inflation
Volatility
Political instability
Institutions
Social Sciences
title_short Political instability and inflation volatility
title_full Political instability and inflation volatility
title_fullStr Political instability and inflation volatility
title_full_unstemmed Political instability and inflation volatility
title_sort Political instability and inflation volatility
author Aisen, Ari
author_facet Aisen, Ari
Veiga, Francisco José
author_role author
author2 Veiga, Francisco José
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Aisen, Ari
Veiga, Francisco José
dc.subject.por.fl_str_mv Inflation
Volatility
Political instability
Institutions
Social Sciences
topic Inflation
Volatility
Political instability
Institutions
Social Sciences
description The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy.
publishDate 2008
dc.date.none.fl_str_mv 2008-06
2008-06-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/7866
url https://hdl.handle.net/1822/7866
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Aisen, A., Veiga, F.J. Political instability and inflation volatility. Public Choice 135, 207–223 (2008). https://doi.org/10.1007/s11127-007-9254-x
0048-5829
1573-7101
10.1007/s11127-007-9254-x
https://link.springer.com/article/10.1007/s11127-007-9254-x
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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