-run nor in the long-term and; (2) with the exception of financial size that impacts inflation in the EAMZ in the short …

This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit … between inflation and the fundamentals. (2) The error correction mechanism is stable in all specifications but in case of any … disequilibrium, only financial depth is significant in adjusting inflation to the long-run relationship. (3) In the long-run, short …

past decade. Design/methodology/approach – We limit our sample to a panel of African countries for which inflation is non …) There are significant long-run equilibriums between inflation and each financial dynamic. (2) When there is a disequilibrium …, while only financial depth and financial size could be significantly used to exert deflationary pressures, inflation is …

paper proposes an “inflation uncertainty theory” in providing theoretical justification and empirical validity as to why … French civil-law countries have higher levels of financial allocation efficiency. Inflation uncertainty, typical of floating …

management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …

financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach – VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …

in absolute measures have positive elasticities of inflation; while (2) financial efficiency and size in relative … measures have negative elasticities of inflation. Social implications – This paper helps in providing monetary policy options …