). When Ghana and Uganda are importers, oil price shocks generate appreciation, mild inflation and interest rate reductions … case of Ghana and applying to Uganda as a prospective exporter. The paper proceeds in two steps. First, we construct a … Dynamic Stochastic General Equilibrium (DSGE) model of a primary commodity exporting developing country calibrated to Ghana …

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 …

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 …

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 …

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 …

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 …

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 …