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...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Subramanian, Arvind
अन्य लेखक: Satyanath, Shanker
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2004.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2004/215
ऑनलाइन पहुंच:Full text available on IMF