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...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Subramanian, Arvind
Rannpháirtithe: Satyanath, Shanker
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2004.
Sraith:IMF Working Papers; Working Paper ; No. 2004/215
Rochtain ar líne:Full text available on IMF