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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Subramanian, Arvind
Awduron Eraill: Satyanath, Shanker
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2004.
Cyfres:IMF Working Papers; Working Paper ; No. 2004/215
Mynediad Ar-lein:Full text available on IMF