Title Money, meat, and inflation : using price data to understand an export shock in Sudan / Rodney Ramcharan

Published [Washington, D.C.] : International Monetary Fund, ©2002

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Description 1 online resource (39 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/02/84 IMF working paper ; WP/02/84. Summary Sudanese inflation dramatically fell in 2000. But just prior to the sharp decline, an export ban was placed on Sudanese livestock. Motivated by this clue, and in the absence of any reliable income or employment data, this paper systematically develops simultaneous models of the consumer price index (CPI) and the exchange rate to assess the economic impact of the export ban. It finds that livestock exports play a large economic role as an important source of income and as a store of value. In the long run, livestock exports are positively associated with nonfood inflation. In the short run, food price movements are negatively associated with livestock exports: to help smooth income, lower food prices generate increased livestock exports. Therefore, unable to export livestock, farmers may have flooded the local market with meat, lowering food prices. Moreover, the loss of income and the decline in wealth lowered aggregate demand, leading to the decline in nonfood prices Bibliography Includes bibliographical references (pages 38-39) 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 -- Sudan -- Econometric models Consumer price indexes -- Sudan -- Econometric models Foreign exchange rates -- Sudan -- Econometric models Livestock -- Sudan Export controls -- Economic aspects -- Sudan -- Econometric models Inflation (Finance) -- Sudan -- Econometric models Inflation (Finance) -- Econometric models Consumer price indexes -- Econometric models Foreign exchange rates -- Econometric models Livestock Sudan Form Electronic book Author International Monetary Fund. Middle Eastern Department. ISBN 1451896808 9781451896800 1281387150 9781281387158 1462301533 9781462301539 1452752273 9781452752273 9786613779922 661377992X

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