The ‘rule of thumb’ that left-wing parties cause inflation is probably bogus – and has democratic implications
Gandrud, Christopher; and Grafström, Cassandra
(2015)
The ‘rule of thumb’ that left-wing parties cause inflation is probably bogus – and has democratic implications
[Online resource]
Do left-wing parties really cause inflation? And do right-wing parties really cause low inflation, but high unemployment? These well-worn tropes are influential in elections, but do they hold up? Research by Christopher Gandrud and Cassandra Grafström suggests that the former does not, even if political debate continues to factor it in.
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