{
  "title": "Modeling Inflation for Mali",
  "publication": "IMF Working Papers, December 1, 2007",
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  "summary": "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",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Author: Mame Astou Diouf\n- Publication type: IMF Working Papers, Working Paper No. 2007/295\n- Date: December 1, 2007\n- Coverage period analyzed: 1979-2006\n- Pages: 34\n- Volume: 2007; Issue: 295\n- DOI: https://doi.org/10.5089/9781451868586.001\n- ISBN: 9781451868586\n- ISSN: 1018-5941\n- Subject keywords: Demand for money, Inflation, Monetary base, Personal income, Real exchange rates\n- Keywords: CFA franc, inflation model, price inflation, U.S. dollar, WP"
    },
    {
      "heading": "Research question and methodology",
      "content": "- Research question: How is consumer price inflation determined in Mali during 1979-2006 across three macroeconomic explanations?\n- The three macroeconomic explanations examined:\n  - Monetarist theories, emphasizing the impact of excess money supply.\n  - The structuralist hypothesis, stressing the impact of supply-side constraints.\n  - External theories, describing the effects of foreign transmission mechanisms on a small open economy.\n- Methodology:\n  - Use of cointegration techniques.\n  - General-to-specific modeling."
    },
    {
      "heading": "Key empirical findings",
      "content": "- Primary long-run determinant:\n  - Average national rainfall is found to be the main long-run determinant of inflation.\n- Secondary determinants:\n  - Deviations from monetary equilibrium are found to affect inflation to a lesser extent.\n  - Deviations from external sector equilibrium are found to affect inflation to a lesser extent.\n- Time period and data span preserved exactly: 1979-2006."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- The paper offers policy recommendations aimed at controlling inflation in Mali, based on the findings that:\n  - Supply-side factors (captured by average national rainfall) are central drivers of inflation dynamics.\n  - Monetary and external sector equilibria deviations have secondary roles and thus monetary and external policy should account for supply-driven inflation pressures.\n\nSource: Modeling Inflation for Mali, IMF Working Papers 2007, 295 (2007), Mame Astou Diouf.\n\n---\n\n Content in this bundle\n\n- Modeling Inflation for Mali: Mame Astou Diouf; IMF Working Paper 07/295; December 1, 2007\n  - Modeling Inflation for Mali: Mame Astou Diouf; IMF Working Paper 07/295; December 1, 2007 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Modeling Inflation for Mali: Mame Astou Diouf; IMF Working Paper 07/295; December 1, 2007 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/modeling-inflation-for-mali-21518"
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    "Authors: Mame Astou Diouf",
    "Published: December 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451868586.001",
    "Author: Mame Astou Diouf",
    "Publication type: IMF Working Papers, Working Paper No. 2007/295",
    "Date: December 1, 2007",
    "Coverage period analyzed: 1979-2006",
    "Pages: 34",
    "Volume: 2007; Issue: 295",
    "DOI: https://doi.org/10.5089/9781451868586.001",
    "ISBN: 9781451868586",
    "ISSN: 1018-5941",
    "Subject keywords: Demand for money, Inflation, Monetary base, Personal income, Real exchange rates",
    "Keywords: CFA franc, inflation model, price inflation, U.S. dollar, WP",
    "Research question: How is consumer price inflation determined in Mali during 1979-2006 across three macroeconomic explanations?",
    "The three macroeconomic explanations examined:",
    "Methodology:",
    "Primary long-run determinant:",
    "Secondary determinants:",
    "Time period and data span preserved exactly: 1979-2006.",
    "The paper offers policy recommendations aimed at controlling inflation in Mali, based on the findings that:",
    "**Modeling Inflation for Mali: Mame Astou Diouf; IMF Working Paper 07/295; December 1, 2007**"
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