Inflation Dynamics in the CEMAC Region

• DOI: 10.1093/jae/ejs035
• Publication Date: 2012-11-29T03:27:57Z
• Authors: C. Caceres; M. Poplawski-Ribeiro; D. Tartari
• Keywords: Price shock

This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a constructed dataset for country-specific commodity price indices panel cointegrated vector autoregressive models. Imported shocks are significant explaining region. In most CEMAC countries, largest effect of global food fuel prices occurs after four or five quarters non-core then decays substantially over time. Second-round effects only Cameroon to lesser extent Republic Congo.