Political Instability and Inflation Volatility

ByFrancisco José Veiga, Ari Aisen

September 1, 2006

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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

Pages:
9
Volume:
2006
DOI:
https://doi.org/10.5089/9781451864724.001
Issue:
212
Series:
Working Paper No. 2006/212
Stock No:
WPIEA2006212
ISBN:
9781451864724
ISSN:
1018-5941

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