Political Extremism & Financial Stability: Insights from Fascist Italy (Mikhail Mamonov)

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in my view, while the hypothesis that autocratic regimes may amplify the economic cycle makes sense in certain historical contexts, it’s difficult to generalize this across all autocracies. More empirical evidence is needed to establish a consistent relationship between political regimes and economic volatility, and to determine whether autocratic regimes always-or even usually-have this amplifying effect.In sum, the theory might hold some validity in specific cases, but without enough robust data and clear causal mechanisms, it would be risky to apply this as a universal rule.