Inflation in the Democratic Republic of Congo: A diagnosis of the new monetary theory - Softcover

Inflation in the Democratic Republic of Congo: A diagnosis of the new monetary theory

Zustand: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | The aim of this study is to identify the determinants of inflation in the Democratic Republic of Congo. Through an analytical modeling of the general price level and some variables likely to influence the price rise, is based on a methodology progressively combining a unit root test, a cointegration test and the use of a vector error correction model, we have the following results: 1¿) In the short term, price increases are explained by the evolution of one-year lagged chronicles, broad money supply (M2), the exchange rate of the US dollar against the Congolese franc and GDP; 2¿) In the long term, price fluctuations in the Democratic Republic of Congo are correlated with the evolution of product prices on international markets, the evolution of nominal GDP, the devaluation of the national currency and the lagged chronicle of prices practiced on the domestic market. These results lead us to conclude that inflation in the Democratic Republic of the Congo is of hybrid origin, i.e. of both monetary and non-monetary origin, as it is caused by the money supply, the exchange rate and the exchange rate. Artikel-Nr. 43080477/1

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