InstabilityInflation: Political Instability and Inflation

Description Usage Format Source References See Also

Description

yearly observations of 178 countries from 1945 to 2000

number of observations : 9968

country : world

economic topic : macroeconomics

econometrics topic : dynamic model

Usage

1

Format

A dataframe containing :

country

the country

year

year

continent

one of 'other', 'africa', 'asia', 'europe', 'mideast', 'westhem' (western hemispher countries) and 'incount' (industrial countries)

frac

total fractionalization

lpcoh

index of political cohesion

polariz2

ideological polarization

govcrise

number of government crisis

cabchg

number of cabinet changes

polity2

polity scale, from 10 (strongly democratic) to -10 (strongly autocratic)

exconst

executive constraints

polright

political rights, 1 to 7 scale (7 highest degree of freedom)

civillib

civil liberties, 1 to 7 scale (7 highest degree of freedom)

areai

size of government

areaii

legal structure and security of proporty rights

areaiii

access to sound money

areaiv

freedom to exchange with foreigners

areav

regulation of credit, labor and business

index

summary index of the 5 areas above

agricva

agriculture value added (percentage of gdp)

trade

trade (percentage of gdp)

urbpop

urban population (percentage of total population)

inf

changes in consumer prices

tbillrate

treasury bill rate

curbanks

(M2-C)/M2, C is the currency outside banks

m2

quasi-money

m2ch

quasi-money

rgdpl

real gdp per capita

rgdplgr

real gdp per capita growth

mdeiangdp

median gdp per capita

realover

real overvaluation

gdpgrtp

trading partenr's gdp per capita growth

oilch

growth of oil prices

erc5

exchange rate system (5 caregories)

erc3

exchange rate system (3 categories)

cbankindep

aggregate legal central bank independence variable

tor

turnover rates of central bank presidents

Source

Journal Money, Credit and Banking data archive : http://jmcb.osu.edu.

References

Aisen, Ari and Francisco Jos\'e Veiga (2006) “Does political instability leads to higher inflation ? A panel data analysis”, Journal of Money, Credit and Banking, 38(5), 1379–1389.

See Also

Index.Economics, Index.Econometrics


pder documentation built on May 2, 2019, 6:49 p.m.