Macroeconomic fluctuations in Sub-Saharan Africa.
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Macroeconomic fluctuations in Sub-Saharan Africa.

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Published by International Monetary Fund in Washington, D.C .
Written in English


Book details:

Edition Notes

Includes bibliographical references.

SeriesIMF working paper -- WP/97/82
ContributionsInternational Monetary Fund.
The Physical Object
Pagination30 p. ;
Number of Pages30
ID Numbers
Open LibraryOL17147351M

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  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 franc countries. This result does not appear to be associated with differences in the economic Cited by: 5. Downloadable! 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 franc countries. This result does not appear to be associated with differences in. Get this from a library! Macroeconomic fluctuations in Sub-Saharan Africa. [Alexander W Hoffmaister; Jorge E Roldós; Peter Wickham; International Monetary Fund. Research Department.] -- The generally disappointing growth in sub-Saharan Africa over the past 20 years reflects the difficulties posed by institutional and economic factors including the lack of resource endowments, the. Macroeconomic Fluctuations and Deposit Dollarization in Sub-Saharan Africa: Evidence from Panel Data Article (PDF Available) January with Reads How we measure 'reads'.

  Summary: 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) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and Author: Giovanni Melina, Rafael A Portillo. 6 AFRICA’S MACROECONOMIC PERFORMANCE AND PROSPECTS Africa’s economic performance has been resilient against the background of a difficult external environment in recent years momentum in to percent. Growth in Sub- Saharan Africa excluding Nigeria slowed from percent in to percent It is pro -. Monetary policy in sub-Sahara Africa (SSA) has undergone an important transformation in recent decades. With the advent of sustained growth and generally stable fiscal policies in much of the region, many countries are now working to modernize their monetary policy frameworks. This book provides a comprehensive view of the many monetary policy issues in sub-Saharan Africa. Hoffmaister et al. () examine the sources of macroeconomic fluctuations in Sub-Saharan Africa using panel data. They compare the CFA Franc countries to the non-CFA Franc countries and find terms of trade shocks to be the main source of fluctuations of output and real exchange rates in Cited by:

From a new IMF Working Paper: “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) inflation and output tend to be negatively correlated; (iii) unlike. The sources of macroeconomic fluctuations in sub-Saharan Africa 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 Cited by: M. Ayhan Kose & Raymond Riezman, "Trade shocks and macroeconomic fluctuations in Africa," World Scientific Book Chapters, in: Raymond Riezman (ed.), International Trade Agreements and Political Economy, chap pages , World Scientific Publishing Co. Pte. Ltd.. Handle: RePEc:wsi:wschap_ This paper investigates the microeconomic origins of aggregate economic fluctuations in Europe. It examines the relevance of idiosyncratic shocks at the top large firms (the granular shocks) in explaining aggregate macroeconomic fluctuations. The paper also assesses the strength of spillovers from large firms onto SMEs.