What Determines Long-Run Macroeconomic Stability? : Democratic Institutions /
We examine the deep determinants of long-run macroeconomic stability in a cross-country framework. We find that conflict, openness, and democratic political institutions have a strong and statistically significant causal impact on macroeconomic stability. Surprisingly the most robust relationship of...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2004/215 |
| Online pristup: | Full text available on IMF |