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Inflation Uncertainty and Relative Price Variability in WAEMU Countries
Carlos Fernandez Valdovinos
Mrs.Kerstin Gerling
出版
International Monetary Fund
, 2011-03-01
主題
Business & Economics / Inflation
Business & Economics / Economics / Macroeconomics
Business & Economics / Exports & Imports
ISBN
1455221031
9781455221035
URL
http://books.google.com.hk/books?id=hJYYEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research.