Artikel
Government ideology, democracy and the sacrifice ratio: Evidence from Latin American and Caribbean Disinflations
This study uses a sample of 34 disinflations undertaken by thirteen Latin American and Caribbean (LAC) nations to test if political institutions impact the cost of policy induced disinflations. We find, after controlling for several of the most important covariates in the literature, that disinflations are less costly for right vs left governments and that sacrifice ratios are lower for more democratic vs authoritarian governmental regimes. This is robust to different measures of government ideology as well as to alternative ways of computing the sacrifice ratio and lends support for political economy literature which argues that political institutions have significant macroeconomic effects.
- Sprache
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Englisch
- Erschienen in
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Journal: The Open Economics Journal ; ISSN: 1874-9194h ; Volume: 4 ; Year: 2011 ; Pages: 39-43 ; Sharjah: Bentham Open
- Klassifikation
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Wirtschaft
- Thema
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sacrifice ratio
disinflation
political regimes
- Ereignis
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Geistige Schöpfung
- (wer)
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Caporale, Tony
- Ereignis
-
Veröffentlichung
- (wer)
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Bentham Open
- (wo)
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Sharjah
- (wann)
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2011
- DOI
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doi:10.2174/1874919401104010039
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Caporale, Tony
- Bentham Open
Entstanden
- 2011
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