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4 Fiscal Reaction Functions in the CFA Franc Zone

4 Fiscal Reaction Functions in the CFA Franc Zone »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

The two monetary unions in the CFA franc zone conduct their national economic policies within the framework of macroeconomic convergence criteria. The CFA franc zone includes WAEMU and CEMAC member countries...

Food Inflation in Sub-Saharan Africa

Food Inflation in Sub-Saharan Africa »

Source: Food Inflation in Sub-Saharan Africa : Causes and Policy Implications

Volume/Issue: 2016/247

Series: IMF Working Papers

Author(s): Emre Alper , Niko Hobdari , and Ali Uppal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2016

ISBN: 9781475563115

Keywords: South Africa, Seychelles, Sierra Leone, Rwanda, Senegal, Togo, Sub-Saharan Africa, Tanzania, Sudan, Swaziland

This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persiste...

11 Growth and Convergence in the CFA Franc Zone

11 Growth and Convergence in the CFA Franc Zone »

Source: The CFA Franc Zone : Common Currency, Uncommon Challenges

Series: Books

Author(s): Anne Gulde , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2008

ISBN: 9781589066755

Keywords: exchange rate, inflation, terms of trade, exchange rates, monetary policy

Strongly linked to external price and exchange rate developments, growth performance during the post-devaluation period has varied within the CFA franc zone. Relative to sub-Saharan Africa averages, real per...

Growth, External Debt, and Sovereign Risk in a Small Open Economy

Growth, External Debt, and Sovereign Risk in a Small Open Economy »

Source: IMF Staff papers, Volume 37 No. 2

Volume: 37

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1990

ISBN: 9781451947069

Keywords: inflation, balance of payments, current account, macroeconomic stability

This paper examines the macroeconomic effects of IMF-supported adjustment programs. The evidence is reviewed for such effects, and new estimates are provided of these effects for 69 developing countries with progra...

Growth in Sub-Saharan Africa

Growth in Sub-Saharan Africa »

Source: Growth in Sub-Saharan Africa

Volume/Issue: 1995/136

Series: IMF Working Papers

Author(s): Dhaneshwar Ghura , and Michael Hadjimichael

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781451855753

Keywords: human capital, inflation, terms of trade, private investment, monetary economics

The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relat...

4 Growth-Oriented Macroeconomic Policies and Poverty Outcomes

4 Growth-Oriented Macroeconomic Policies and Poverty Outcomes »

Source: Macroeconomic Policy and Poverty Reduction

Series: Pamphlet Series

Author(s): Alejandro Izquierdo , Ward Brown , Brian Ames , and Shatayanan Devarajan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 August 2001

ISBN: 9781589060173

Keywords: inflation, exchange rate, macroeconomic stability, fixed exchange rate, exchange rate regime

Since the emphasis of this pamphlet is on the role of macroeconomic policy in supporting a country’s poverty reduction strategy, the discussion of macroeconomic policies in this section focuses on countries...

I. Introduction

I. Introduction »

Source: Credibility Without Rules

Series: Occasional Papers

Author(s): Carlo Cottarelli , and Curzio Giannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 1997

ISBN: 9781557756442

Keywords: exchange rate, exchange rate regime, inflation, central bank, monetary policy

Grau, teurer Freund, ist alle Theorie, Und grun des Lebens goldner Baum. (Grey, dear Friend, is all theory, and green is life’s golden tree.)...

I Introduction and Background

I Introduction and Background »

Source: Aftermath of the CFA Franc Devaluation

Series: Occasional Papers

Author(s): Stéphane Cossé , Johannes Mueller , Jean Le Dem , and Jean Clément

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 June 1996

ISBN: 9781557755612

Keywords: central bank, central banks, monetary policy, inflation, money market

Since its creation almost 50 years ago, the CFA franc zone has on balance served its members well. 1 The common currency, the CFA franc, has been freely convertible into French fr...

I. Overview

I. Overview »

Source: Regional Economic Outlook, October 2008, Sub-Saharan Africa

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2008

ISBN: 9781589067639

Keywords: exchange rate regime, exchange rate, inflation, importing countries, oil-importing countries

Recent Developments in the World Economy In recent years countries in sub-Saharan Africa have enjoyed some of their highest growth rates in decades, thanks both to favorable external...

I. Vue d’ensemble

I. Vue d’ensemble »

Source: Regional Economic Outlook, October 2008 : Sub-Saharan Africa

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2008

Language: French

ISBN: 9781498354677

Keywords: exchange rate regime, exchange rate, inflation, importing countries, oil-importing countries, exporting countries, terms of trade, oil exporters, oil importers, fixed exchange rate

L’évolution récente de l’économie mondiale Les pays d’Afrique subsaharienne affichent ces dernières années des taux de croissance qui sont parmi les plus élevés depuis des décennies,...