Inequality and the Instability of Polity and Policy
构建了仅捕捉民主与独裁之间转变的政治不稳定新指标，发现不平等与这些指标正相关，且政治不稳定加剧了财政和贸易政策的波动。
We create alternative measures of political instability, which capture only movements from dictatorship to democracy and vice versa and, unlike older, well-known measures, does not capture government changes that preserve the democratic or dictatorial structure of the country. We show that inequality is positively correlated with our measures of political instability as well as with a well-known measure (used by Alesina and Perotti) but the impact of inequality on the latter is only through components of political instability captured by our measures. We show that our measures have significant policy implications - political instability increases both fiscal and trade polity volatility. Copyright (C) The Author(s). Journal compilation (C) Royal Economic Society 2008.