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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Inflation dynamics in the CEMAC region
Authors:Caceres, CarlosISNI
Poplawski-Ribeiro, MarcosISNI
Tartari, DarlenaISNI
Year:2013
Periodical:Journal of African Economies (ISSN 0963-8024)
Volume:22
Issue:2
Pages:239-275
Language:English
Geographic term:Central Africa
Subjects:Communauté Économique et Monétaire de l'Afrique Centrale
inflation
Link:http://jae.oxfordjournals.org/content/22/2/239.full.pdf
Abstract:This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a constructed dataset for country-specific commodity price indices and panel cointegrated vector autoregressive models. Imported commodity price shocks are significant in explaining inflation in the region. In most CEMAC countries, the largest effect of global food and fuel prices occurs after four or five quarters in non-core inflation and then decays substantially over time. Second-round effects are significant only in Cameroon and to a lesser extent in the Republic of Congo. App., bibliogr., notes, ref., sum. [Journal abstract]
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