Fiscal Dominance and Inflation in the Democratic Republic of the Congo

Fiscal Dominance and Inflation in the Democratic Republic of the Congo
This paper examines the fiscal dominance hypothesis in the Democratic Republic of the Congo (DRC) during 1981-2003, using multivariate cointegration analysis and vector errorcorrection modeling. Empirical results point to strong and statistically significant long-run relationships between budget deficits and seigniorage, and between money... READ MORE...

Publication date: November 2005
ISBN 9781451862409
$15.00

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