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Macroeconomic Fluctuations in Sub-Saharan Africa

1997-07-01 Business & Economics
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Release : 1997-07-01
Genre : Business & Economics
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Book Rating : 743/5 ( reviews)

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Book Synopsis Macroeconomic Fluctuations in Sub-Saharan Africa by : Mr.Alexander W. Hoffmaister

Download or read book Macroeconomic Fluctuations in Sub-Saharan Africa written by Mr.Alexander W. Hoffmaister. This book was released on 1997-07-01. Available in PDF, EPUB and Kindle. Book excerpt: 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 structure but may reflect the fixed exchange rate regime, which does not (partially) buffer these countries from external shocks. Macroeconomic fluctuations in non–CFA franc countries are similar to those in other developing countries, particularly in Latin America.

Economic Fluctuations in Sub-Saharan Africa

2019-01-22 Business & Economics
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Release : 2019-01-22
Genre : Business & Economics
Kind : eBook
Book Rating : 534/5 ( reviews)

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Book Synopsis Economic Fluctuations in Sub-Saharan Africa by : Mr.Giovanni Melina

Download or read book Economic Fluctuations in Sub-Saharan Africa written by Mr.Giovanni Melina. This book was released on 2019-01-22. Available in PDF, EPUB and Kindle. Book excerpt: 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 emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports.

Macroeconomic Fluctuations in Sub-Saharan Africa

1997
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Author :
Release : 1997
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Macroeconomic Fluctuations in Sub-Saharan Africa by :

Download or read book Macroeconomic Fluctuations in Sub-Saharan Africa written by . This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt:

The Exchange Rate System and Macroeconomic Fluctuations in Sub-Saharan Africa

2006
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Release : 2006
Genre :
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Book Synopsis The Exchange Rate System and Macroeconomic Fluctuations in Sub-Saharan Africa by : Yaya Sissoko

Download or read book The Exchange Rate System and Macroeconomic Fluctuations in Sub-Saharan Africa written by Yaya Sissoko. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we investigate the sources of macroeconomic fluctuations in Sub-Saharan African (SSA) countries with particular attention to the exchange rate system. We use a structural Vector Autoregression (VAR) model with limited capital mobility and long run restrictions to identify the shocks. Supply and terms of trade shocks tend to dominate output movements in the CFA and non-CFA countries alike. However, terms of trade shocks tend to influence the CFA zone to a greater extent and there seems to be a higher influence of demand shocks on output and the real exchange rates in the non-CFA countries.

Economic Fluctuations in Su-Saharan Africa

2018
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Release : 2018
Genre :
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Book Synopsis Economic Fluctuations in Su-Saharan Africa by : Giovanni Melina

Download or read book Economic Fluctuations in Su-Saharan Africa written by Giovanni Melina. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: 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 emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii)consumption and investment are strongly positively correlated with imports.

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