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Les effets macroéconomiques de la chute des cours des produits de base: Evaluation sur la République démocratique du Congo
[The Macroeconomic Effects of commodity bust: Assessment on Democratic Republic of the Congo]

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  • Pinshi, Christian P.

Abstract

This paper assesses the shock impact of commodity prices on the macroeconomic framework in the Democratic Republic of the Congo. Using a Vector autoregressive (VAR) model, we determine the impulses of each macroeconomic sector to lower prices. The results indicate that this shock leads to complex effects that can lead to systemic risks and crises. We suggest that it would be important for governments, given such shocks, to learn from and take immediate action to strengthen the resilience of the economy and the financial system to future shocks in based.

Suggested Citation

  • Pinshi, Christian P., 2018. "Les effets macroéconomiques de la chute des cours des produits de base: Evaluation sur la République démocratique du Congo [The Macroeconomic Effects of commodity bust: Assessment on Democratic Rep," MPRA Paper 93130, University Library of Munich, Germany, revised 0208.
    • Handle: RePEc:pra:mprapa:93130
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    References listed on IDEAS

    as
    1. Günes Kamber & Gabriela Nodari & Benjamin Wong, 2016. "The Impact of Commodity Price Movements on the New Zealand Economy," Reserve Bank of New Zealand Analytical Notes series AN2016/05, Reserve Bank of New Zealand.
    2. Pinshi, Christian, 2016. "Une perspective macroprudentielle pour la stabilité financière [A macroprudential perspective on financial stability]," MPRA Paper 77905, University Library of Munich, Germany, revised 28 Feb 2017.
    3. Olivier J. Blanchard & Jordi Galí, 2007. "The Macroeconomic Effects of Oil Price Shocks: Why Are the 2000s so Different from the 1970s?," NBER Chapters, in: International Dimensions of Monetary Policy, pages 373-421, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Christian Pinshi, 2020. "Arithmétique du Pass-through de la COVID-19 sur le Système financier Congolais," Working Papers hal-02897385, HAL.
    2. PINSHI, Christian P., 2023. "Claims, Deposits and Financial Conditions in DR Congo: Impact of COVID-19 on the Financial System," MPRA Paper 117381, University Library of Munich, Germany.
    3. NTUNGILA, Floribert & PINSHI, Christian P., 2019. "Fluctuations de prix des matières premières et économie congolaise : manne d’espoir ou de malédiction ? [Fluctuations in commodity price and the congolese economy: hope or curse manna?]," MPRA Paper 95409, University Library of Munich, Germany.
    4. MALATA, Alain K. & PINSHI, Christian P., 2020. "Système financier et COVID-19 : Un examen de l’impact en RDC [Financial system and COVID-19: A review of the impact in the DRC]," MPRA Paper 107772, University Library of Munich, Germany.
    5. Christian Pinshi, 2020. "COVID-19 uncertainty and monetary policy," Working Papers hal-02566796, HAL.
    6. PINSHI, Christian P., 2020. "Uncertainty, monetary policy and COVID-19," MPRA Paper 100147, University Library of Munich, Germany.
    7. Pinshi, Christian P., 2020. "Monetary policy, uncertainty and COVID-19," MPRA Paper 100836, University Library of Munich, Germany, revised 27 May 2020.

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    More about this item

    Keywords

    commodity prices; macroeconomic behavior;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market

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