1.

Record Nr.

UNINA9910464827603321

Autore

Diouf Mame Astou

Titolo

Modeling inflation for Mali [[electronic resource] /] / prepared by Mame Astou Diouf

Pubbl/distr/stampa

[Washington, D.C.?], : International Monetary Fund, 2007

ISBN

1-4623-4976-5

1-4519-8528-2

1-283-51270-X

1-4519-1311-7

9786613825155

Descrizione fisica

1 online resource (36 p.)

Collana

IMF working paper ; ; WP/07/295

Soggetti

Consumer price indexes - Mali

Inflation (Finance) - Mali

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"December 2007."

At head of title: African Department.

Nota di bibliografia

Includes bibliographical references (p. 17-18).

Nota di contenuto

Contents; I. Introduction; II. Background; III. The Model; IV. Data and Estimation; V. Conclusion; References; Appendix; Figures; A.1: M ali: Food Price and Consumer Price Indexes, 1988:1-2006:5; A.2: Mali: Annual Rate of Inflation, 1971-2005; A.3: Mali: Inflation and Rainfall, 1979:1-2006:1; A.4: Mali: Money, Income, Interest Rates and Exchange Rate, 1979:1-2006:1; A.5: Mali: Domestic and Foreign Prices, Exchange Rate and Terms of Trade, 1979:1-2006:1; A.6: Mali: Cointegrating Vectors for the Money Market and the Foreign Sectors, 1982:2-2006:1

A.7. Mali: Inflation Model: Recursive Estimates, 1992:2-2006:1A.8. Mali: Inflation Model: One-Step Residual and Chow Stability Tests, 1992:2-2006:1; A.9. Mali: Inflation Model: Actual, Predicted and Residual, 1987:2-2006:1; Tables; A.1: Mali: Selected Financial, Economic, and climatic indicators, 1979-2005; A.2: Mali: A Sample Descriptive Statistics of Variables, 1979:1-2006:1; A.3: Mali: Correlation Between Selected Variables, 1979:1-2006:1; A.4: Mali: ADF Test for Unit-Root, 1979:1-2006:1; A.5: Mali: Cointegration Analysis of



the Broad Money Demand, 1979:1-2006:1

A.6. Mali: The Determinants of Inflation, 1987:2-2006:1A.7. Mali: Diagnostic Tests for Omitted Variables, 1987:2-2006:1

Sommario/riassunto

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 b