Investigating Inflation Dynamics in Sudan

July 1, 2008

Preview Citation

Format: Chicago

Kenji Moriyama. Investigating Inflation Dynamics in Sudan, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the structural vector-auto regression model and a vector error correction model. This is the first study in a low-income and a post-conflict country that uses these three separate techniques to understand inflation dynamics. The use of these approaches is particularly useful to check the robustness of the estimated parameters in the model for a country with limited data coverage and possible structural breaks. The estimated results suggest that money supply growth and nominal exchange rate changes affect inflation with 18-24 months time lag.

Subject: Exchange rates, Inflation, Monetary base, Structural vector autoregression, Vector error correction models

Keywords: Money supply, Money supply growth, Nominal exchange rate, WP

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2008/189
Stock No:

WPIEA2008189
ISBN:

9781451870473
ISSN:

1018-5941

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