Inflation and Monetary Pass-Through in Guinea Rodolphe Blavy

ISBN: 9786613829764

Published: December 1st 2004

ebook

21 pages


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Inflation and Monetary Pass-Through in Guinea  by  Rodolphe Blavy

Inflation and Monetary Pass-Through in Guinea by Rodolphe Blavy
December 1st 2004 | ebook | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 21 pages | ISBN: 9786613829764 | 7.43 Mb

The paper analyzes the dynamics of inflation in Guinea during 1992-2003 applying cointegration and error-correction modeling to a bivariate model that includes consumer price and monetary variables. The empirical results, based on quarterly data,MoreThe paper analyzes the dynamics of inflation in Guinea during 1992-2003 applying cointegration and error-correction modeling to a bivariate model that includes consumer price and monetary variables. The empirical results, based on quarterly data, confirm the existence of a long-run relationship between money supply and consumer prices.

This paper argues further that the pass-through has increased in recent years. Short-term dynamics are shown to accentuate the long-run impact. Impulse response analysis shows that a shock in the money stock will have an increasing impact over two years and will then stabilize at a higher level.



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