Sources of inflation in Sub-Saharan Africa /

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Bibliographic Details
Author / Creator:	Barnichon, Régis.
Imprint:	[Washington, D.C.] : International Monetary Fund, 2007.
Description:	1 online resource (24 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/07/32 IMF working paper ; WP/07/32.
Subject:	Inflation (Finance) -- Africa, Sub-Saharan. Finance -- Africa, Sub-Saharan. Finance. Inflation (Finance) Sub-Saharan Africa.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12498607

Hidden Bibliographic Details
Other authors / contributors:	Peiris, Shanaka J. (Shanaka Jayanath), 1975-
ISBN:	1283511452 9781283511452 9781451865967 1451865961
Notes:	Includes bibliographical references. Print version record.
Summary:	This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap, and the real money gap. Using heterogeneous panel cointegration estimation techniques, we estimate cointegrating vectors for the production function and the real money demand function to recover the structural output and money gaps for seventeen African countries. The central finding is that both gaps contain significant information regarding the evolution of inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship.

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