Political Instability and Inflation Volatility

Ari Aisen and Francisco Veiga

No 2/2006, NIPE Working Papers from NIPE - Universidade do Minho

Abstract: The purpose of this paper is to empirically determine the causes of the worldwide diversity of inflation volatility. We show that higher degrees of political instability, ideological polarization and political fragmentation are associated with higher inflation volatility.

Keywords: Inflation; volatility; political instability; institutions. (search for similar items in EconPapers)
JEL-codes: E31 E63 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Journal Article: Political instability and inflation volatility (2008)
Working Paper: Political Instability and Inflation Volatility (2006)
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