Modeling Inflation for Mali / / Mame Astou Diouf

• Autore: Diouf Mame Astou
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2007
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (36 p.)
• Disciplina: 338.19236
• Soggetto topico: Consumer price indexes - Mali; Inflation (Finance) - Mali; Currency; Deflation; Demand for Money; Demand for money; Foreign Exchange; Foreign exchange; Income; Inflation; Macroeconomics; Monetary base; Monetary economics; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; Money and Monetary Policy; Money supply; Money; Personal income; Personal Income, Wealth, and Their Distributions; Price Level; Prices; Real exchange rates
• Soggetto geografico: Mali
• 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 be the main long-run determinants of inflation. The paper offers policy recommendations for controlling inflation in Mali.
• Titolo autorizzato: Modeling Inflation for Mali
• ISBN: 9786613825155; 9781462349760; 1462349765; 9781451985283; 1451985282; 9781283512701; 128351270X; 9781451913118; 1451913117
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910955024003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2007/295