05231oam 22010934 450 991078841770332120230721050906.01-4623-4976-51-4519-8528-21-283-51270-X1-4519-1311-79786613825155(CKB)3360000000443507(EBL)1605780(SSID)ssj0001479161(PQKBManifestationID)11880602(PQKBTitleCode)TC0001479161(PQKBWorkID)11482730(PQKB)10321022(OCoLC)568151130(MiAaPQ)EBC1605780(IMF)WPIEE2007295(EXLCZ)99336000000044350720020129d2007 uf 0engur|n|---|||||txtccrModeling Inflation for Mali /Mame Astou DioufWashington, D.C. :International Monetary Fund,2007.1 online resource (36 p.)IMF Working Papers"December 2007."At head of title: African Department.1-4518-6858-8 Includes bibliographical references (p. 17-18).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, 1982:2-2006:1A.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, 1979:1-2006:1A.6. Mali: The Determinants of Inflation, 1987:2-2006:1A.7. Mali: Diagnostic Tests for Omitted Variables, 1987:2-2006:1This 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.IMF Working Papers; Working Paper ;No. 2007/295Consumer price indexesMaliInflation (Finance)MaliForeign ExchangeimfInflationimfMacroeconomicsimfMoney and Monetary PolicyimfPrice LevelimfDeflationimfPersonal Income, Wealth, and Their DistributionsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfDemand for MoneyimfMonetary economicsimfCurrencyimfForeign exchangeimfPersonal incomeimfMonetary baseimfDemand for moneyimfReal exchange ratesimfPricesimfIncomeimfMoney supplyimfMoneyimfMaliimfConsumer price indexesInflation (Finance)Foreign ExchangeInflationMacroeconomicsMoney and Monetary PolicyPrice LevelDeflationPersonal Income, Wealth, and Their DistributionsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralDemand for MoneyMonetary economicsCurrencyForeign exchangePersonal incomeMonetary baseDemand for moneyReal exchange ratesPricesIncomeMoney supplyMoneyDiouf Mame Astou1476617International Monetary Fund.African Dept.DcWaIMFBOOK9910788417703321Modeling Inflation for Mali3802313UNINA