01694cas a2200253 a 4500 AALejournalIMF009196 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451865967 1018-5941 BD-DhAAL BD-DhAAL Peiris, Shanaka. Sources of Inflation in Sub-Saharan Africa / Shanaka Peiris, Regis Barnichon. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (24 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 This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap, and the real money gap. Using heterogeneous panel cointegration estimation techniques, we estimate cointegrating vectors for the production function and the real money demand function to recover the structural output and money gaps for seventeen African countries. The central finding is that both gaps contain significant information regarding the evolution of inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship. Mode of access: Internet Barnichon, Regis. IMF Working Papers; Working Paper ; No. 2007/032 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/032/001.2007.issue-032-en.xml IMF e-Library