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Impact of real shocks on business cycles in selected Sub-Saharan African countries
Amu, Barnabas; Osabuohien, Evans; Alege, Philip; … - In: Cogent business & management 8 (2021) 1, pp. 1-18
This study examines business cycle fluctuations in selected Sub-Saharan African (SSA) countries. The study measures the impact of selected real shocks, namely: terms of trade shocks, commodity price shocks, and government spending shocks, on macroeconomic fluctuations in SSA. The impact of the...
Persistent link: https://www.econbiz.de/10012668468
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Structural analysis with independent innovations
Herwartz, Helmut - 2014
Structural innovations in multivariate dynamic systems are typically hidden and often identified by means of a …-priori economic reasoning. Under multivariate Gaussian model innovations there is no loss measure available to distinguish alternative … Gaussian framework of independent innovations, a loss statistic is proposed in this paper that allows to discriminate between …
Persistent link: https://www.econbiz.de/10010355109
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On the Drivers of Inflation in Sub-Saharan Africa
Nguyen, Anh D. M. - 2015
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...
Persistent link: https://www.econbiz.de/10013015595
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Economic Fluctuations in Sub-Saharan Africa
Melina, Giovanni - 2019
We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii)...
Persistent link: https://www.econbiz.de/10012864121
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Monetary policy shocks, set-identifying restrictions, and asset prices : a benchmarking approach for analyzing set-identified models
Uhrin, Gábor B.; Herwartz, Helmut - 2016 - This version: November 17, 2016
A central question for monetary policy is how asset prices respond to a monetary policy shock. We provide evidence on … restrictions. The impulse responses show a positive asset price response to a contractionary monetary policy shock. The resulting …
Persistent link: https://www.econbiz.de/10011563120
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Identification of vector autoregressive models with nonlinear contemporaneous structure
Cordoni, Francesco; Doremus, Nicolas; Moneta, Alessio - 2024
We propose a statistical identification procedure for structural vector autoregressive (VAR) models that present a nonlinear dependence (at least) at the contemporaneous level. By applying and adapting results from the literature on causal discovery with continuous additive noise models to...
Persistent link: https://www.econbiz.de/10013548855
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Macroeconomic Fluctuations in Sub-Saharan Africa
Hoffmaister, Alexander W. - 2006
The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA...
Persistent link: https://www.econbiz.de/10012782247
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Macroeconomic Fluctuations in Sub-Saharan Africa
Hoffmaister, Alexander W.; Roldos, Jorge E.; Wickham, Peter - 1999
The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA...
Persistent link: https://www.econbiz.de/10014057360
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Weathering shocks : the effects of weather shocks on farm input use in sub-Saharan Africa
Nsabimana, Aimable - 2022
There has been much discussion on climate change and its adverse effects on agriculture, including excessive loss of food production. In regions such as sub-Saharan Africa, where agriculture is the major source of household livelihoods, shocks in weather patterns affect farmers' expectations of...
Persistent link: https://www.econbiz.de/10013203077
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The role of structural common and country-specific shocks in the business cycle dynamics of the G7 countries
Seymen, Atilim; Kappler, Marcus - 2009
country are identified, and the corresponding shock propagation channels are computed. We establish the statistical properties … of the cyclical fluctuations and investigate the role of each structural common and country-specific shock in the …
Persistent link: https://www.econbiz.de/10003824053