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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Subramanian, Arvind
Beste egile batzuk: Satyanath, Shanker
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2004.
Saila:IMF Working Papers; Working Paper ; No. 2004/215
Sarrera elektronikoa:Full text available on IMF