Macroeconomic policy : does it matter for growth? The role of volatility (English)

Recent academic research has questioned the role of economic policy as a determinant of long term growth rates. While there seems to be a correlation between several policy variables and growth rates, this correlation disappears when controlling for other factors. As an example, the significance of key economic policy variables such as inflation or government size disappears if we account for the quality of institutions. This paper looks at recent...
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Citation

Fatas,Antonio; Mihov, Ilian.

Macroeconomic policy : does it matter for growth? The role of volatility (English). Commission on growth and development working paper ; no. 48 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/109371468328586374

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