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Regional Economic Outlook, April 2019, Sub-Saharan Africa

Recovery Amid Elevated Uncertainty

The economic recovery in sub-Saharan Africa is expected to continue, but at a slower pace than envisaged in October 2018.

20 A Structural Analysis of the Determinants of Inflation in the CEMAC Region

20 A Structural Analysis of the Determinants of Inflation in the CEMAC Region »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction In this chapter 1 we aim to identify the main determinants of inflation in the Communauté Economique et Monétaire de l’Afrique Centra...

Cyclical Patterns of Government Expenditures in Sub-Saharan Africa

Cyclical Patterns of Government Expenditures in Sub-Saharan Africa »

Source: Cyclical Patterns of Government Expenditures in Sub-Saharan Africa : Facts and Factors

Volume/Issue: 2009/274

Series: IMF Working Papers

Author(s): Irene Yackovlev , Victor Lledo , and Lucie Gadenne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874198

Keywords: and sub-Saharan Africa, government spending, fiscal space, expenditures,

This paper documents cyclical patterns of government expenditures in sub-Saharan Africa since 1970 and explains variation between countries and over time. Controlling for endogeneity, it finds government expenditur...

1. Deux trajectoires de reprise sur fond de grande incertitude

1. Deux trajectoires de reprise sur fond de grande incertitude »

Source: Regional Economic Outlook, April 2019, Sub-Saharan Africa : Recovery Amid Elevated Uncertainty

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2019

Language: French

ISBN: 9781498304009

Keywords: Sub-Saharan Africa, economic outlook, sub-Saharan Africa

La reprise économique devrait se poursuivre en Afrique subsaharienne et le taux de croissance passer, d’après les projections, de 3 % en 2018 à 3,5 % en 2019, avec toutefois des per...

16 Do Money Targets Matter for Monetary Policy in Kenya?

16 Do Money Targets Matter for Monetary Policy in Kenya? »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction In the preceding chapter, we presented a semi-structural New Keynesian open economy model for low-income countries, and applied it to Kenya. We found that the model co...

4 Economic Fluctuations in Sub-Saharan Africa

4 Economic Fluctuations in Sub-Saharan Africa »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction In this chapter we provide (i) an overview of some of the structural features of the economies of sub-Saharan Africa (SSA) and (ii) a systematic characterization of ec...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, April 2019, Sub-Saharan Africa : Recovery Amid Elevated Uncertainty

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2019

ISBN: 9781484396865

Keywords: Sub-Saharan Africa, Development, Economic integration, Economic recovery, Trade policy, Human capital, economic outlook, resource-intensive, RECs, conflict-related

Two-Track Recovery AMID Elevated Uncertainty The economic recovery in sub-Saharan Africa continues, but there is duality in growth performance and prospects within the region. Aggreg...

6 Identifying the Monetary Transmission Mechanism in Sub-Saharan Africa

6 Identifying the Monetary Transmission Mechanism in Sub-Saharan Africa »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction Central banks and researchers in low-income countries often use structural vector auto-regression (SVAR) models estimated on aggregate macroeconomic data to develop a...

Cyclical Patterns of Government Expenditures in Sub-Saharan Africa
			: Facts and Factors

Cyclical Patterns of Government Expenditures in Sub-Saharan Africa : Facts and Factors »

Volume/Issue: 2009/274

Series: IMF Working Papers

Author(s): Irene Yackovlev , Victor Lledo , and Lucie Gadenne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

DOI: http://dx.doi.org/10.5089/9781451874198.001

ISBN: 9781451874198

Keywords: and sub-Saharan Africa, government spending, fiscal space, expenditures,

This paper documents cyclical patterns of government expenditures in sub-Saharan Africa since 1970 and explains variation between countries and over time. Controlling for endogeneity, it finds government expenditur...

9 Implementation Errors and Incomplete Information

9 Implementation Errors and Incomplete Information »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction As discussed in Chapter 6, recent empirical work has failed to find much evidence of a monetary transmission mechanism in low-income countries, including in Africa. So...

11 Implications of Food Subsistence for Monetary Policy and Inflation

11 Implications of Food Subsistence for Monetary Policy and Inflation »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction Central banks in low-income countries (LICs) have been adopting elements of inflation targeting since the mid-1990s, including an elevated focus on price stability and...