000			01152nam a22001457a 4500
999			_c525058 _d525058
008			240208b ||||| |||| 00| 0 eng d
100			_aFunke, Manuel, Schularick, Moritz and Trebesch, Christoph _949738
245			_aPopulist leaders and the economy
260			_aThe American Economic Review
300			_a113(12). Dec, 2023: p.3249-3288
520			_aPopulism at the country level is at an all-time high, with more than 25 percent of nations currently governed by populists. How do economies perform under populist leaders? We build a new long-run cross-country database to study the macroeconomic history of populism. We identify 51 populist presidents and prime ministers from 1900 to 2020 and show that the economic cost of populism is high. After 15 years, GDP per capita is 10 percent lower compared to a plausible nonpopulist counterfactual. Economic disintegration, decreasing macroeconomic stability, and the erosion of institutions typically go hand in hand with populist rule.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20202045
773			_aThe American Economic Review
906			_aPOPULISM
942			_cAR