05476oam 22012014 450 991095502400332120250426110602.0978661382515597814623497601462349765978145198528314519852829781283512701128351270X97814519131181451913117(CKB)3360000000443507(EBL)1605780(SSID)ssj0001479161(PQKBManifestationID)11880602(PQKBTitleCode)TC0001479161(PQKBWorkID)11482730(PQKB)10321022(OCoLC)568151130(MiAaPQ)EBC1605780(IMF)WPIEE2007295(IMF)WPIEA2007295WPIEA2007295(EXLCZ)99336000000044350720020129d2007 uf 0engur|n|---|||||txtccrModeling Inflation for Mali /Mame Astou Diouf1st ed.Washington, D.C. :International Monetary Fund,2007.1 online resource (36 p.)IMF Working Papers"December 2007."At head of title: African Department.9781451868586 1451868588 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)MaliCurrencyimfDeflationimfDemand for MoneyimfDemand for moneyimfForeign ExchangeimfForeign exchangeimfIncomeimfInflationimfMacroeconomicsimfMonetary baseimfMonetary economicsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMoney and Monetary PolicyimfMoney supplyimfMoneyimfPersonal incomeimfPersonal Income, Wealth, and Their DistributionsimfPrice LevelimfPricesimfReal exchange ratesimfMaliimfConsumer price indexesInflation (Finance)CurrencyDeflationDemand for MoneyDemand for moneyForeign ExchangeForeign exchangeIncomeInflationMacroeconomicsMonetary baseMonetary economicsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMoney and Monetary PolicyMoney supplyMoneyPersonal incomePersonal Income, Wealth, and Their DistributionsPrice LevelPricesReal exchange rates338.19236Diouf Mame Astou1815963International Monetary Fund.African Dept.DcWaIMFBOOK9910955024003321Modeling Inflation for Mali4372910UNINA