Showing 1 - 10 of 179
This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of … disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persistent as non-food non-fuel (NF …/NF) inflation, especially in low-income countries (LICs) in SSA. We find evidence that food inflation became less persistent from …
Persistent link: https://www.econbiz.de/10012962141
, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is …
Persistent link: https://www.econbiz.de/10013102259
Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …
Persistent link: https://www.econbiz.de/10012843500
This paper focuses on the role of the pass-through of the exchange rate and policydeterminants in driving inflation …, nonfood prices not only directly influence headline inflation, but also have an significant impact on food inflation via … second round effects; (ii) the pass-through of the exchange rate to headline inflation has jumped from zero to 11 percent …
Persistent link: https://www.econbiz.de/10012956501
The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role … for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integration with the global economy …, changes in the policy frameworks, among others, in the last decade suggest that the drivers of inflation may have changed. We …
Persistent link: https://www.econbiz.de/10013015595
Covid-19 and war-induced commodity price fluctuations, and broadening price pressures have led to a surge in inflation … raising concerns of youth unemployment. This paper explores the effects of inflation on private employment growth in SSA using … inflation and job creation in SSA, with job creation being negatively correlated with inflation rate when the latter is above 14 …
Persistent link: https://www.econbiz.de/10014254184
supply chain disruptions for inflation and monetary policy in sub-Saharan Africa. Increases in supply chain pressures have … had a sizeable impact on headline, food, and tradable inflation for a panel of 29 sub-Saharan African countries from 2000 … to 2022. Our findings suggest that central banks can stabilize inflation and output more efficiently by monitoring global …
Persistent link: https://www.econbiz.de/10014256875
exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …
Persistent link: https://www.econbiz.de/10013097288
explain the observed exchange rate and inflation variability as well as the fact that the regression and VAR estimates tend to …
Persistent link: https://www.econbiz.de/10013098580
high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs … suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff … rate changes and headline inflation and the low interest rate sensitivity of aggregate demand …
Persistent link: https://www.econbiz.de/10013098628