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Author/Editor:
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Moriyama, Kenji
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Publication Date:
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July 01, 2008
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Electronic Access:
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Free Full text
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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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.
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Order a print copy
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Series:
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Working Paper No. 08/189
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Subject(s):
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Sudan | Inflation | Money supply | Real effective exchange rates | Monetary policy | Economic models
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Author's Keyword(s):
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inflation | money supply | nominal exchange rate | and monetary policy. |
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