01903cas a2200265 a 4500 AALejournalIMF011326 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463921965 1018-5941 BD-DhAAL BD-DhAAL Poplawski Ribeiro, Marcos. Inflation Dynamics in the CEMAC Region / Marcos Poplawski Ribeiro, Darlena Tartari Schwegler, Carlos Caceres. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (29 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 analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a constructed dataset for country-specific commodity price indices and panel cointegrated vector autoregressive (VAR) models. Imported commodity price shocks are significant in explaining inflation in the region. Governments are another driving force of inflation dynamics mainly through controlled prices and the role of capital expenditure in domestic activity. In most CEMAC countries, the largest effect of global food and fuel prices occurs after four or five quarters in noncore inflation and then decays substantially over time. Second-round effects are significant only in Cameroon and to a lesser extent in the Republic of Congo. Mode of access: Internet Caceres, Carlos. Tartari Schwegler, Darlena. IMF Working Papers; Working Paper ; No. 2011/232 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/232/001.2011.issue-232-en.xml IMF e-Library