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Innovation Accounting of Tax-Revenue Drivers : Cointegration Evidence from Ghana
Amoah, George Maxwell - 2017
This study uses cointegration, and innovation accounting analysis to examine the volatility and extent of the short …
Persistent link: https://www.econbiz.de/10012963660
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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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Macroeconomic management on becoming an African oil exporter
Morrissey, Oliver; Spreng, Lars - 2020
after 2010. The DSGE results suggest that although an oil price shock generates appreciation and initially output falls …. The SVAR results for Ghana when exporting suggest an initial depreciation in response to an oil price shock, with a …
Persistent link: https://www.econbiz.de/10012177185
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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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Drivers of economic growth : the special case of Sub-Saharan Africa
Helfer, Helena - 2022
While global studies on drivers of economic growth are useful to derive global tendencies, a more insightful analysis that leads to explicit policy implications is possible when investigating smaller entities. In this study, we focus on a panel of 40 African countries located in the Sub-Saharan...
Persistent link: https://www.econbiz.de/10013459904
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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