NDLI: The Politics of Inflation: An Empirical Assessment of the Emerging Market Economies

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The Politics of Inflation: An Empirical Assessment of the Emerging Market Economies

Content Provider	Scilit
Author	Arbetman, Marina Kugler, Jacek
Copyright Year	2019
Description	This chapter deals with the connection between politics and inflation in central and eastern European nations that are attempting to make the transition from centrally planned to market-orientated economies. From a political perspective high inflation is seldom a desirable outcome. In democracies, political support for the government is frequently linked to stable consumer prices concurrent with wage increases. Changes in the political capacity of states are fueled by a government's capacity to achieve stated goals. Data limitations seriously constrain this analysis. On the political side, the most reliable estimates are those of relative political penetration because in non-market economies it is possible to estimate the size of active black markets. Political penetration and extraction estimates provide us with a cross-temporal and cross-sectional glimpse of evolutionary political performance in emerging economies. Governments that oversee the transformation from centralized to market economies face very serious political risks when they attempt to control inflation. Book Name: Establishing Monetary Stability in Emerging Market Economies
Related Links	https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9780429046865-5&type=chapterpdf
DOI	10.4324/9780429046865-5
Language	English
Publisher	Informa UK Limited
Publisher Date	2019-03-07
Access Restriction	Open
Subject Keyword	Book Name: Establishing Monetary Stability in Emerging Market Economies History and Philosophy of Science Inflation Market Economies Attempting Capacity Cross Temporal Political Penetration
Content Type	Text
Resource Type	Chapter

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