Monetary Growth and Exchange Rate Depreciation As Causes of Inflation in African Countries : An Empirical Analysis /

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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Canetti, Elie
Muut tekijät: Greene, Joshua
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1991.
Sarja:IMF Working Papers; Working Paper ; No. 1991/067
Linkit:Full text available on IMF
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100 1 |a Canetti, Elie. 
245 1 0 |a Monetary Growth and Exchange Rate Depreciation As Causes of Inflation in African Countries :   |b An Empirical Analysis /  |c Elie Canetti, Joshua Greene. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (49 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Greene, Joshua. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/067 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/067/001.1991.issue-067-en.xml  |z IMF e-Library