Fiscal and Monetary Anchors for Price Stability : Evidence from Sub-Saharan Africa.
The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks, including...
| Institution som forfatter: | |
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2008/121 |
| Online adgang: | Full text available on IMF |