Hidden Bibliographic Details
| Other authors / contributors: | Veiga, Francisco José, author.
International Monetary Fund. Monetary and Financial Systems Department, issuing body.
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| ISBN: | 1282035290
9781282035294
9781451906042
1451906048
1462346812
9781462346813
1452782466
9781452782461
9786613796806
6613796808
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| Notes: | Includes bibliographical references (page 15).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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.
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| Other form: | Print version: Aisen, Ari, 1971- Does political instability lead to higher inflation? Washington, D.C. : International Monetary Fund, ©2005
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| Standard no.: | 10.5089/9781451906042.001
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