Series: IMF Working Papers
Author(s): Anh Nguyen , Jemma Dridi , Filiz Unsal , and Oral Williams
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 August 2015
Keywords: Global VAR (GVAR), supply, supply shocks, demand, Time-Series Models, Monetary Policy (Targets, Instruments, and Effects), General, Sub-Saharan Africa.,
The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integrati...