دانلود مقاله ISI انگلیسی شماره 45303
عنوان فارسی مقاله

تورم تعارض و تثبیت تاخیر

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
45303 2014 14 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Conflict inflation and delayed stabilization
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Macroeconomics, Volume 39, Part A, March 2014, Pages 171–184

کلمات کلیدی
ثبات به تاخیر افتاده - ارز سیاسی - رانت خواران - تورم
پیش نمایش مقاله
پیش نمایش مقاله تورم تعارض و تثبیت تاخیر

چکیده انگلیسی

There are numerous political economy approaches to the question of delayed stabilizations. However, all these approaches regard inflation as the unintentional result of the behavior of interest groups. In this paper we take the opposite view, namely, that when there is polarization of financial wealth, inflation is used as a tax to transfer the burden of stabilization onto some interest groups. In countries characterized by financial polarization, stabilization can occur only when there is a change in the political and economic equilibrium, and when parties which represent interest groups adverse to inflation support a new government coalition. The estimates of a Probit model support this hypothesis: the stabilizations after World War I and after the Great Inflation of the 1970s in several European countries showed remarkable political regularities. In fact, generally, these stabilizations occurred when there was a reversal of the political-economic equilibrium and government coalitions including rentiers’ representatives took power.

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