Monetary Growth and Exchange Rate Depreciation As Causes of Inflation in African Countries : An Empirical Analysis »
Series: IMF Working Papers
Author(s): Elie Canetti , and Joshua Greene
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1991
Keywords: exchange rate, exchange rates, monetary growth, monetary expansion
This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in a sample of 10 Sub-Saharan African countries. Causality tests and impulse response functions d...