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Record Nr. |
UNINA9910788417703321 |
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Autore |
Diouf Mame Astou |
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Titolo |
Modeling Inflation for Mali / / Mame Astou Diouf |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2007 |
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ISBN |
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1-4623-4976-5 |
1-4519-8528-2 |
1-283-51270-X |
1-4519-1311-7 |
9786613825155 |
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Descrizione fisica |
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1 online resource (36 p.) |
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Collana |
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Soggetti |
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Consumer price indexes - Mali |
Inflation (Finance) - Mali |
Foreign Exchange |
Inflation |
Macroeconomics |
Money and Monetary Policy |
Price Level |
Deflation |
Personal Income, Wealth, and Their Distributions |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Demand for Money |
Monetary economics |
Currency |
Foreign exchange |
Personal income |
Monetary base |
Demand for money |
Real exchange rates |
Prices |
Income |
Money supply |
Money |
Mali |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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"December 2007." |
At head of title: African Department. |
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Nota di bibliografia |
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Includes bibliographical references (p. 17-18). |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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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. |
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