Fiscal and Monetary Anchors for Price Stability : Evidence from Sub-Saharan Africa

Evidence from Sub-Saharan Africa

Fiscal and Monetary Anchors for Price Stability : Evidence from Sub-Saharan Africa
The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks, including nominal public debt, results show that a number... READ MORE...

Publication date: May 2008
ISBN 9781451869811
$18.00

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