01888cas a2200253 a 4500 AALejournalIMF018297 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484344880 1018-5941 BD-DhAAL BD-DhAAL Melina, Giovanni. Economic Fluctuations in Sub-Saharan Africa / Giovanni Melina, Rafael Portillo. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (32 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 We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-a-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports. Mode of access: Internet Portillo, Rafael. IMF Working Papers; Working Paper ; No. 2018/040 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/040/001.2018.issue-040-en.xml IMF e-Library