THE (IN)STABILITY OF DEMOCRACY

Sayantan Ghosal and Eugenio Proto

National Institute Economic Review, 2022, vol. 259, 62-66

Abstract: How stable are democracies? Building on Ghosal and Proto (2009, Journal of Public Economics, 93, 1078–1089), the conditions under which democracies are stable are analyzed. How these conditions relate to the threat of the rise of right wing populism poses to democracies is discussed.

Date: 2022
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