Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Middle Eastern Department.
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| ISBN: | 1451896808
9781451896800
1281387150
9781281387158
1462301533
9781462301539
1452752273
9781452752273
9786613779922
661377992X
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| Notes: | Includes bibliographical references (pages 38-39).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| 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.
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| Other form: | Print version: Ramcharan, Rodney. Money, meat, and inflation. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451896800.001
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