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About Modeling Inflation for Mali
This paper investigates how consumer price inflation is determined in Mali for 1979-2006 along three macroeconomic explanations: (1) monetarist theories, emphasizing the impact of excess money supply, (2) the structuralist hypothesis, stressing the impact of supply-side constraints, and (3) external theories, describing the effects of foreign transmission mechanisms on a small open economy. The analysis makes use of cointegration techniques and general-to-specific modeling. Average national rainfall, and to a lesser extent deviations from monetary and external sector equilibrium are found to be the main long-run determinants of inflation. The paper offers policy recommendations for controlling inflation in Mali.
Detailed Information
Author: | Mame Astou Astou Diouf |
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Publication Year: | 2007 |
ISBN: | 6613825158 |
Language: | English |
File Size: | 1.5 |
Format: | |
Price: | FREE |
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