Inflation and monetary pass-through in Guinea /
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Author / Creator: | Blavy, Rodolphe, author. |
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Imprint: | [Washington, D.C] : International Monetary Fund, ©2004. |
Description: | 1 online resource (19 pages) : illustrations. |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/04/223 IMF working paper ; WP/04/223. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497406 |
Other authors / contributors: | International Monetary Fund. African Department, issuing body. |
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ISBN: | 1283517310 9781283517317 9781451875324 1451875320 9781451919929 1451919921 |
ISSN: | 2227-8885 |
Notes: | Includes bibliographical references (page 19). Restrictions unspecified Electronic reproduction. [S.l.] : 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 digitized 2010 HathiTrust Digital Library committed to preserve Print version record. |
Summary: | The paper analyzes the dynamics of inflation in Guinea during 1992-2003 applying cointegration and error-correction modeling to a bivariate model that includes consumer price and monetary variables. The empirical results, based on quarterly data, confirm the existence of a long-run relationship between money supply and consumer prices. This paper argues further that the pass-through has increased in recent years. Short-term dynamics are shown to accentuate the long-run impact. Impulse response analysis shows that a shock in the money stock will have an increasing impact over two years and will then stabilize at a higher level. |
Other form: | Print version: Blavy, Rodolphe. Inflation and monetary pass-through in Guinea. [Washington, D.C] : International Monetary Fund, ©2004 |
Standard no.: | 10.5089/9781451919929.001 |
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