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Fiscal and Monetary Anchors for Price Stability

Fiscal and Monetary Anchors for Price Stability »

Source: Fiscal and Monetary Anchors for Price Stability : Evidence from Sub-Saharan Africa

Volume/Issue: 2008/121

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869811

Keywords: non-Ricardian regimes, and Fiscal Theory of Price Level, price level, money growth, price stability,

The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of...

The CFA Franc Zone

The CFA Franc Zone »

Source: The CFA Franc Zone : Currency Union and Monetary Standard

Volume/Issue: 1991/133

Series: IMF Working Papers

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1991

ISBN: 9781451931990

Keywords: inflation, terms of trade, price stability, neighboring countries, inflation rates

The CFA franc zone comprises a group of countries in central and west Africa whose currencies have been firmly linked to the French franc since 1948. It combines the features of a currency union with those of an ex...

Sources of Inflation in Developing Countries1

Sources of Inflation in Developing Countries1 »

Source: Sources of Inflation in Developing Countries

Volume/Issue: 2001/198

Series: IMF Working Papers

Author(s): Prakash Loungani , and Phillip Swagel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451860061

Keywords: exchange rate, money growth, exchange rates

This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the relationship between the exchange rate regime and the sources of inflation. Using annual data fro...

Exports, Inflation, and Growth

Exports, Inflation, and Growth »

Source: Exports, Inflation, and Growth

Volume/Issue: 1997/119

Series: IMF Working Papers

Author(s): Thorvaldur Gylfason

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1997

ISBN: 9781451854138

Keywords: Trade, Natural Resources, Economic Growth, export ratio, closed economies, open economies, high inflation

This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propen...

Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa

Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa »

Source: Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa

Volume/Issue: 2008/287

Series: IMF Working Papers

Author(s): Gonzalo Salinas , and Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871456

Keywords: Growth, Acceleration, Deceleration, Africa, terms of trade, economic liberalization, inflation, external shocks, world demand, Volatility spillovers

The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Sahar...