Addendum 3 [2020] Populist leaders & the economy https://www.aeaweb.org/articles?id=10.1257/aer.20202045 PDF: https://files.persagen.com/01/funke2020populist.pdf Discussion: https://news.ycombinator.com/item?id=37533146 * >25% of nations governed by populists. * study: macroeconomic history of populism * 51 populist presidents/prime ministers 1900-2020 * economic cost of populism high: GDP per capita 10% lower after 15 yrs * economic disintegration, decreased macroeconomic stability, eroded institutions result f. populist rule #populism #protectionism #macroeconomics #GOP