IMF Working Papers

Political Instability and Inflation Volatility

ByFrancisco José Veiga, Ari Aisen

September 1, 2006

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Francisco José Veiga, and Ari Aisen. "Political Instability and Inflation Volatility", IMF Working Papers 2006, 212 (2006), accessed 12/5/2025, https://doi.org/10.5089/9781451864724.001

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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

Subject: Agricultural sector, Inflation, Oil prices

Keywords: fiscal policy, inflation volatility, monetary policy, standard deviation, WP

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