Determinants of inflation among franc zone countries in Africa (English)

Despite belonging to a monetary union with a common currency and pooled foreign reserves, the countries of Africa's franc zone (CFA) experience substantially different inflation rates, especially in the short run. The authors develop a model of inflation differentials for the franc zone countries based on behavioral differences in fiscal policy responses to fluctuations in the price of the main export commodity. The model is based on the fact that...

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Author

Boccara,Bruno;

Devarajan,Shantayanan;
Document Date
1993/09/30
Document Type
Policy Research Working Paper
Report Number
WPS1197
Volume No
1
Total Volume(s)
1
Country
Africa,
Region
Africa,
Disclosure Date
2010/07/01
Doc Name
Determinants of inflation among franc zone countries in Africa
Keywords
domestic price of imports

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Citation

Boccara,Bruno; Devarajan,Shantayanan.

Determinants of inflation among franc zone countries in Africa (English). Policy, Research working papers ; no. WPS 1197. Public economics Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/465981468742796217

Determinants of inflation among franc zone countries in Africa (English)

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