Fighting Inflation in Developing Countri
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Abdoul' Ganiou Mijiyawa
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Article
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2010
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John Wiley and Sons
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English
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Using the date of independence as an instrument for democratic institutions, and data over the period 1960-2003, I find a positive and significant effect of democracy on inflation in a sample of 62 developing countries. Democracy increases inflation because democracy stimulates money creation and co