02052cas a2200241 a 4500 AALejournalIMF001902 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451850659 1018-5941 BD-DhAAL BD-DhAAL Ramcharan, Rodney. Money, Meat, and Inflation : Using Price Data to Understand An Export Shock in Sudan / Rodney Ramcharan. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (40 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 Sudanese inflation dramatically fell in 2000. But just prior to the sharp decline, an export ban was placed on Sudanese livestock. Motivated by this clue, and in the absence of any reliable income or employment data, this paper systematically develops simultaneous models of the consumer price index (CPI) and the exchange rate to assess the economic impact of the export ban. It finds that livestock exports play a large economic role as an important source of income and as a store of value. In the long run, livestock exports are positively associated with nonfood inflation. In the short run, food price movements are negatively associated with livestock exports: to help smooth income, lower food prices generate increased livestock exports. Therefore, unable to export livestock, farmers may have flooded the local market with meat, lowering food prices. Moreover, the loss of income and the decline in wealth lowered aggregate demand, leading to the decline in nonfood prices. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/084 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/084/001.2002.issue-084-en.xml IMF e-Library