IMF paper identifies source of inflation in Cemac nations
An International Monetary Fund paper, published on Monday, identifies the largest drivers of inflation in Central African Economic and Monetary Community (Cemac) countries.
Carlos Caceres, Marcos Poplawski-Ribeiro and Darlena Tartari, the paper's authors, use a constructed dataset for country-specific commodity price indices and panel cointegrated vector autoregressive models to analyse inflation dynamics in the Cemac.
The authors note that while imported commodity price shocks are significant
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