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Investigating Inflation Dynamics in Sudan
Author:
Mr. Kenji Moriyama
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Series:
IMF Working Papers
Volume/Issue:
Volume 2008: Issue 189
Language:
English
Publication Date:
01 Jul 2008
DOI:
https://doi.org/10.5089/9781451870473.001
ISBN:
9781451870473
ISSN:
1018-5941
Pages:
22
Keywords:
WP; money supply; nominal exchange rate; money supply growth
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the structural vector-auto regression model and a vector error correction model. This is the first study in a low-income and a post-conflict country that uses these three separate techniques to understand inflation dynamics. The use of these approaches is particularly useful to check the robustness of the estimated parameters in the model for a country with limited data coverage and possible structural breaks. The estimated results suggest that money supply growth and nominal exchange rate changes affect inflation with 18-24 months time lag.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2008: Issue 189