Investigating Inflation Dynamics in Sudan
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the structural vector-auto regression model and a vector error correction model. This is the first study in a low-income and a post-conflict country that uses these three separate techniques to understand inflation dynamics. The use of these approaches is particularly useful to check the robustness of the estimated parameters in the model for a country with limited data coverage and possible structural breaks. The estimated results suggest that money supply growth and nominal exchange rate changes affect inflation with 18-24 months time lag.
Series:
Working Paper No. 2008/189
Subject:
Exchange rates Inflation Monetary base Structural vector autoregression Vector error correction models
English
Publication Date:
July 1, 2008
ISBN/ISSN:
9781451870473/1018-5941
Stock No:
WPIEA2008189
Pages:
22
Please address any questions about this title to publications@imf.org