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Book Cover
E-book
Author Canetti, Elie, author.

Title Monetary growth and exchange rate depreciation as causes of inflation in African countries : an empirical analysis / by Elie Canetti and Joshua Greene
Published [Washington, D.C.] : International Monetary Fund, Research Department, 1991

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Description 1 online resource (ii, 26 pages) : illustrations
Series IMF working paper ; WP-91-67
IMF working paper ; WP/91/67.
Summary This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in a sample of 10 Sub-Saharan African countries. Causality tests and impulse response functions derived from vector autoregression (VAR) analysis suggest that both monetary expansion and exchange rate adjustments cause inflation in a number of these countries. However, the failure of the tests to attribute the bulk of the variance in inflation in most of the countries to either variable suggests either a problem with the statistical technique or that some other factor--perhaps structural bottlenecks or a measure of overall macroeconomic policy stance incorporating both monetary and exchange rate policy--may be even more important as a determinant of inflation in African countries
Bibliography Includes bibliographical references (pages 25-26)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Inflation (Finance) -- Africa, Sub-Saharan -- Econometric models
Foreign exchange.
Inflation (Finance) -- Africa
Economic policy.
Inflation (Finance)
Foreign exchange
Economic policy
Inflation (Finance) -- Econometric models
Africa
Sub-Saharan Africa
Form Electronic book
Author Greene, Joshua E., author.
International Monetary Fund. Research Department, issuing body.
ISBN 1455217093
9781455217090
1462377246
9781462377244
9781451848830
1451848838