Inflation Uncertainty and Relative Price Variability in WAEMU Countries
Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line wit...
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| creator | Gerling, Kerstin Fernandez Valdovinos, Carlos |
| description | Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research. |
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In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research.</description><edition>1</edition><identifier>ISBN: 145522300X</identifier><identifier>ISBN: 9781455255269</identifier><identifier>ISBN: 9781455221035</identifier><identifier>ISBN: 9781455223008</identifier><identifier>ISBN: 1455255262</identifier><identifier>ISBN: 1455221031</identifier><identifier>EISBN: 1455255262</identifier><identifier>EISBN: 9781455255269</identifier><identifier>OCLC: 867927433</identifier><language>eng</language><publisher>Washington: International Monetary Fund</publisher><subject>Africa, West ; Econometric models ; Economic Models ; Elasticity (Economics) ; Inflation (Finance) ; Inflation Targeting ; Inflation Uncertainty ; Price Elasticity ; Prices ; Relative Price Volatility ; West Africa ; West African Economic And Monetary Union</subject><creationdate>2011</creationdate><tpages>44</tpages><format>44</format><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>306,307,776,780,782,783,2597,2611,62113</link.rule.ids></links><search><creatorcontrib>Gerling, Kerstin</creatorcontrib><creatorcontrib>Fernandez Valdovinos, Carlos</creatorcontrib><title>Inflation Uncertainty and Relative Price Variability in WAEMU Countries</title><description>Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research.</description><subject>Africa, West</subject><subject>Econometric models</subject><subject>Economic Models</subject><subject>Elasticity (Economics)</subject><subject>Inflation (Finance)</subject><subject>Inflation Targeting</subject><subject>Inflation Uncertainty</subject><subject>Price Elasticity</subject><subject>Prices</subject><subject>Relative Price Volatility</subject><subject>West Africa</subject><subject>West African Economic And Monetary Union</subject><isbn>145522300X</isbn><isbn>9781455255269</isbn><isbn>9781455221035</isbn><isbn>9781455223008</isbn><isbn>1455255262</isbn><isbn>1455221031</isbn><isbn>1455255262</isbn><isbn>9781455255269</isbn><fulltext>true</fulltext><rsrctype>book</rsrctype><creationdate>2011</creationdate><recordtype>book</recordtype><sourceid>2BV</sourceid><recordid>eNotUNtKAzEUjIhirf2HPAg-FXK_PNZlbQsVRWz1bclmE4huszW7Ffr3RrZwYBhmmDPnXIBbzDgneQS5PBNCEfq8BhMlpCaSUXoDZn3_hRDCWCou6QQs19G3ZghdhNtoXRpMiMMJmtjAN_cv_Dr4moJ1cGdSMHVoQ5ZDhB-L8nkLi-4YhxRcfweuvGl7NzvjFOyeyvdiNd-8LNfFYjO3GEkk54wpy5mwqiFaKsOlszWRHjFvNCcN4tQQTy3CXjDrjaO6cZnlu5hGUgo6BQ9j8CF1P0fXD5Wru-7butzDtFX5WGCuJBE0O-9HZ9j76pDC3qRTpRnHefH4Howop3_0Vlc1</recordid><startdate>20110301</startdate><enddate>20110301</enddate><creator>Gerling, Kerstin</creator><creator>Fernandez Valdovinos, Carlos</creator><general>International Monetary Fund</general><scope>2BV</scope><scope>C-M</scope><scope>KRY</scope></search><sort><creationdate>20110301</creationdate><title>Inflation Uncertainty and Relative Price Variability in WAEMU Countries</title><author>Gerling, Kerstin ; Fernandez Valdovinos, Carlos</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c10707-448c546c8d2978a57ecb27f04fa952d053a2f3c01f64cfae39dec012554907763</frbrgroupid><rsrctype>books</rsrctype><prefilter>books</prefilter><language>eng</language><creationdate>2011</creationdate><topic>Africa, West</topic><topic>Econometric models</topic><topic>Economic Models</topic><topic>Elasticity (Economics)</topic><topic>Inflation (Finance)</topic><topic>Inflation Targeting</topic><topic>Inflation Uncertainty</topic><topic>Price Elasticity</topic><topic>Prices</topic><topic>Relative Price Volatility</topic><topic>West Africa</topic><topic>West African Economic And Monetary Union</topic><toplevel>online_resources</toplevel><creatorcontrib>Gerling, Kerstin</creatorcontrib><creatorcontrib>Fernandez Valdovinos, Carlos</creatorcontrib><collection>IMF E-Library</collection><collection>IMF Books & Analytical Papers</collection><collection>International Monetary Fund (IMF)</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Gerling, Kerstin</au><au>Fernandez Valdovinos, Carlos</au><format>book</format><genre>book</genre><ristype>BOOK</ristype><btitle>Inflation Uncertainty and Relative Price Variability in WAEMU Countries</btitle><date>2011-03-01</date><risdate>2011</risdate><isbn>145522300X</isbn><isbn>9781455255269</isbn><isbn>9781455221035</isbn><isbn>9781455223008</isbn><isbn>1455255262</isbn><isbn>1455221031</isbn><eisbn>1455255262</eisbn><eisbn>9781455255269</eisbn><abstract>Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research.</abstract><cop>Washington</cop><pub>International Monetary Fund</pub><oclcid>867927433</oclcid><tpages>44</tpages><edition>1</edition><oa>free_for_read</oa></addata></record> |
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| subjects | Africa, West Econometric models Economic Models Elasticity (Economics) Inflation (Finance) Inflation Targeting Inflation Uncertainty Price Elasticity Prices Relative Price Volatility West Africa West African Economic And Monetary Union |
| title | Inflation Uncertainty and Relative Price Variability in WAEMU Countries |
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