01758cas a2200253 a 4500 AALejournalIMF007089 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455221035 1018-5941 BD-DhAAL BD-DhAAL Gerling, Kerstin. Inflation Uncertainty and Relative Price Variability in WAEMU Countries / Kerstin Gerling, Carlos Fernandez Valdovinos. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (44 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 Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research. Mode of access: Internet Fernandez Valdovinos, Carlos. IMF Working Papers; Working Paper ; No. 2011/059 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/059/001.2011.issue-059-en.xml IMF e-Library