Dynamics of inflation in Sub-Saharan Africa: the role of foreign inflation, official and parallel market exchange rates, and monetary growth
AbstractThe study investigates the effects of monetary growth; rates of depreciation of domestic currency in both the official and black markets; and foreign inflation rate on domestic (consumer price) inflation in Sub-Saharan Africa. The lags in the effects of these variables are also analysed. Quarterly data over 1980:1 to 1991:4 pooled across 32 countries are employed and separate analyses are conducted for the CFA and non-CFA groups of countries. Our findings suggest that the variables tested for exert significant effects on the inflation rates in the non-CFA countries while only the foreign inflation rate and, to a smaller extent, the rate of depreciation of domestic currency in the parallel market have affected the inflation rates in the CFA countries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Financial Economics.
Volume (Year): 7 (1997)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.tandf.co.uk/journals/routledge/09603107.html
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Joseph Ntamatungiro, 2004. "Fiscal Sustainability in Heavily Indebted Countries Dependent on Nonrenewable Resources: The Case of Gabon," IMF Working Papers 04/30, International Monetary Fund.
- Arto Kovanen, 2004. "Zimbabwe: A Quest for a Nominal Anchor," IMF Working Papers 04/130, International Monetary Fund.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.