LOENING, Josef; TAKADA, Hideki - In: Applied Econometrics and International Development 8 (2008) 2, pp. 159-176
We analyze short-run dynamics of inflation in Ethiopia, using a parsimonious error-correction model fitted with monthly … observations. Our findings show that increased money supply and the nominal exchange rate significantly affect inflation in the … inflation effectively. To circumvent an extreme tightening with discouraging impacts on growth, additional measures are needed …