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Forecasting Inflation in Sudan

Author/Editor: Moriyama, Kenji | Naseer, Abdul
Authorized for Distribution: June 1, 2009
Electronic Access: Free Full Text (PDF file size is 421KB)
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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.

Summary: This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during the sample period. The Granger causality test suggests that private sector credit and world wheat prices are the leading indicators explaining inflation in Sudan. Inflation forecasts based on both approaches suggest that inflationary pressures for 2009 and 2010 will be modest and that inflation will remain in single-digits, assuming that prudent macroeconomic policies are maintained.
 
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Series: Working Paper No. 09/132
Subject(s): Central banks | Commodity price fluctuations | Credit expansion | Data analysis | External shocks | Forecasting models | Inflation | Inflation targeting | Monetary policy | Money supply | Private sector | Sudan | Wheat
Author's keyword(s): Inflation | Forecasting | ARMA model | and Granger causality.
 
English  
    Published:   June 1, 2009        
            Format:   Paper
    Stock No:   WPIEA2009132   Pages:   25
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
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