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dc.contributor.authorBittencourt, Manoelen_US
dc.date.accessioned2010-09-13T15:07:08Z-
dc.date.available2010-09-13T15:07:08Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/39985-
dc.description.abstractWe test for the populist view of inflation in Latin America between 1970 and 2007. The empirical results - based on the relatively novel panel time-series data and analysis - confirm the theoretical prediction that recently elected governments coming into power after periods of political dictatorship, and which are faced with high economic inequality, end up generating high inflation and macroeconomic instability. All in all, we suggest that the implementation of democracy as such requires not only the 'right political context' - or an appropriately constrained executive - to work well, but it also must come with certain economic institutions (e.g. central bank independence and a credible and responsible fiscal authority), institutions which would raise the costs of pursuing populist policies in the first place.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik, Ausschuss für Entwicklungsländer Göttingenen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Hannover 2010 47en_US
dc.subject.jelE31en_US
dc.subject.jelE65en_US
dc.subject.jelN16en_US
dc.subject.jelO23en_US
dc.subject.jelO54en_US
dc.subject.ddc330en_US
dc.subject.keywordPolarisationen_US
dc.subject.keywordpopulismen_US
dc.subject.keywordhyperinflationen_US
dc.subject.keywordLatin America.en_US
dc.titleDemocracy, Populism and Hyperinflation[s]: Evidence from Latin Americaen_US
dc.typeConference Paperen_US
dc.identifier.ppn654376581-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec10:47-
Appears in Collections:Proceedings of the German Development Economics Conference, 2010 (Hannover)

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