Series: IMF Working Papers
Author(s): Arvind Subramanian , and Shanker Satyanath
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2004
Keywords: Macroeconomic instability, political institutions, openness, conflict, inflation, estimation method, statistics, standard deviation, macroeconomic stability, opennes,
We examine the deep determinants of long-run macroeconomic stability in a cross-country framework. We find that conflict, openness, and democratic political institutions have a strong and statistically significant...