01689cas a2200241 a 4500 AALejournalIMF000393 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451954746 1018-5941 BD-DhAAL BD-DhAAL Hoffmaister, Willy. Macroeconomic Fluctuations in Sub-Saharan Africa / Willy Hoffmaister. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA franc countries. This result does not appear to be associated with differences in the economic structure but may reflect the fixed exchange rate regime, which does not (partially) buffer these countries from external shocks. Macroeconomic fluctuations in non-CFA franc countries are similar to those in other developing countries, particularly in Latin America. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/082 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/082/001.1997.issue-082-en.xml IMF e-Library