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

Annotation

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor Corporativo: International Monetary Fund (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, May 2008.
Colección:IMF Working Papers.
Temas:
Fiscal policy > Africa, Sub-Saharan.
Inflation (Finance) > Africa, Sub-Saharan.
Monetary policy > Africa, Sub-Saharan.
Politique fiscale > Afrique subsaharienne.
Inflation > Afrique subsaharienne.
Politique monétaire > Afrique subsaharienne.
Fiscal policy
Inflation (Finance)
Monetary policy
Sub-Saharan Africa
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Inflation, Fiscal Outcomes, and Monetary Aggregates in sub-Saharan Africa: Stylized Facts; III. Fiscal Dominance: Theoretical Background; A. The Model; IV. Econometric Methodology; A. Stochastic Approaches to Identify Fiscal or Monetary Dominance:; V. Results and Interpretation; A. Data; B. Single-Country Analysis; VI. Conclusion; Tables; 1. Sub-Saharan Africa: Selected Economic Indicators, annual averages, 1980-2005; 2. Identification Criteria for Fiscal and Monetary Dominance Regimes; 3. Identification Criteria of Monetary Policy Responsiveness.
  • 4: Sub-Saharan Africa Selected Countries: CCD Approach5. Sub-Saharan Africa Selected Countries: Variance Decomposition on Inflation Variability; 6. Sub-Saharan Africa Selected Countries: VAR Test on Monetary Policy Responsiveness; Figures; 1. Budget Balance and Inflation in Selected Sub-Saharan Countries, 1980-2004; 2. Primary Balances, Seigniorage, and Inflation in Selected Sub-Saharan Countries: 1985-2005; References.

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