Exchange rate regimes and inflation and output in Sub-saharan countries
Bank for International Settlements, Monetary and Economic Dept., 1998 - Business & Economics - 25 pages
10 pages matching Kamin and Klau in this book
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Asia beneﬁts Central African Republic CFA area CFA franc countries CFA franc zone coefﬁcient consumer price inﬂation contractionary Cote d'lvoire credibility currency Current account balance deﬁcit depreciation devaluations developing dollar domestic inﬂation economic activity effective exchange rate equilibrium real exchange estimation exchange rate adjustments exchange rate changes exchange rate movements exchange rate regimes extemal competitiveness extemal shocks External debt ﬁnancial markets ﬁndings ﬁscal policy ﬁxed exchange rate ﬁxed parity ﬂexible exchange rate foreign price francs per French Frank Smets French franc GDP and PPP higher coefﬁcient import prices increase indicates indicates an appreciation inﬂation rates inﬂationary intemal investment Kamin and Klau Latin America monetary policy Nigeria nominal exchange rate non-CFA countries OLS OLS OLS output gap PPP exchange rates rate of inﬂation ratio real effective exchange real exchange rate reﬂect RER_ responsiveness of inﬂation signiﬁcant statistically insigniﬁcant Sub-Saharan countries supply shocks terms of trade terms-of-trade shocks triggered