| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP547 |
| DP547 Political Parties, Elections and Inflation in Greece | |
| George Alogoskoufis; Apostolis Philippopoulos | |
| 发表日期 | 1991-06-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | We extend the `rational partisan model' of inflation and unemployment by introducing inflation and unemployment dynamics. We investigate the case of Greece, which has had a polarized political system and a problem of persistently high inflation in the last two decades. High inflation can be attributed to the failure of political parties to precommit to price stability. The greater aversion of `socialists' to unemployment results in an inflation rate which is higher by five percentage points than under the more anti-inflationary `conservatives'. Unemployment seems to be independent of the identity of the party in power, and post-election years do not seem to be characterized by systematic mistakes on the part of wage setters as predicted by recent partisan theories. |
| 主题 | International Macroeconomics |
| 关键词 | Elections Greece Political parties Unemployment |
| URL | https://cepr.org/publications/dp547 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529709 |
| 推荐引用方式 GB/T 7714 | George Alogoskoufis,Apostolis Philippopoulos. DP547 Political Parties, Elections and Inflation in Greece. 1991. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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