Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5068274 | European Journal of Political Economy | 2011 | 10 Pages |
Abstract
⺠We reconsider the mutual interdependence between government size and growth volatility. ⺠We find that higher volatility is associated with larger government size and vice versa. ⺠We also identify institutional limits to government discretion that have beneficial effects on volatility. ⺠These include domestic political institutions, central bank independence and the exchange rate regime.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Fabrizio Carmignani, Emilio Colombo, Patrizio Tirelli,