The Monetarist Explanation of Inflation: The Experience of Six African Countries
Abstract
The monetarist model of inflation is tested with quarterly data over the period 1960‐1983 from six African countries: Egypt, Ghana, Morocco, Nigeria, Sudan and Tunisia. The role of foreign factors in the inflationary process is examined in the model, the lag length is determined, the issue of causality is addressed and structural stability is tested. The empirical results are, in general, consistent with the monetarist explanation of inflation.
Keywords
Citation
Tegene, A. (1989), "The Monetarist Explanation of Inflation: The Experience of Six African Countries", Journal of Economic Studies, Vol. 16 No. 1. https://doi.org/10.1108/EUM0000000000123
Publisher
:MCB UP Ltd
Copyright © 1989, MCB UP Limited