Inflation appears to be the macro-problem in Ghana for which no antidote has been found under the economic recovery programme. It is possible that either a wrong diagnosis has been made of the problem, or that certain factors within the economy are preventing inflation from staying within target...

This paper analyses the effects of inflation on Ivoiran fiscal variables by using the Aghevli-Khan model (1978) to estimate the time required for a change in the consumer price index to be fully reflected in the variables.

The paper investigates the relationships between domestic and foreign price levels and the exchange rate and other macro-variables. The real exchange rate is estimated as a cointegrating vector that spans the variables in a purchasing power parity relation. An exchange rate pass-through equation...

The Tanzanian economy has experienced many internal and external shocks since the late 1970s. All sectors of the economy have been affected by the shocks, whose manifestations have been, among other things, large budget deficits and an imbalance between productive and non-productive activities....

This paper examines the determinants of inflation in Uganda. High inflation, an economic virus of the Ugandan economy for most of the 1980s, has been recorded at annual rates of less than 10% since 1993/94. A competitive exchange rate has also been sustained since 1990.