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Economic Fluctuations in Sub Saharan Africa Book PDF Summary

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-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.

Detail Book of Economic Fluctuations in Sub Saharan Africa PDF

Economic Fluctuations in Sub Saharan Africa
  • Author : Mr.Giovanni Melina
  • Release : 22 January 2019
  • Publisher : International Monetary Fund
  • ISBN : 9781484394533
  • Genre : Business & Economics
  • Total Page : 32 pages
  • Language : English
  • PDF File Size : 13,6 Mb

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