Economic Fluctuations in Sub-Saharan Africa /

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-a-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflati...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Melina, Giovanni
مؤلفون آخرون: Portillo, Rafael
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2018.
سلاسل:IMF Working Papers; Working Paper ; No. 2018/040
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Melina, Giovanni. 
245 1 0 |a Economic Fluctuations in Sub-Saharan Africa /  |c Giovanni Melina, Rafael Portillo. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (32 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 We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-a-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports. 
538 |a Mode of access: Internet 
700 1 |a Portillo, Rafael. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/040 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/040/001.2018.issue-040-en.xml  |z IMF e-Library