Barnichon, Régis; Peiris, Shanaka J. - In: Journal of African Economies 17 (2008) 5, pp. 729-746
This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap and the real money gap. Using heterogeneous panel co-integration estimation techniques, we estimate co-integrating vectors for the production function and the real...