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Successful inflation targeting in Mozambique despite vulnerability to internal and external shocks


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Title: Successful inflation targeting in Mozambique despite vulnerability to internal and external shocks
Authors: Andersson, Per-Åke
Sjö, Bo
Issue Date: Sep-2012
Extent: 16 pages
Publication type: report
Organization: Dept of Economics, University of Gothenburg
Series/Report no.: Working Papers in Economics
544
Keywords: inflation
purchasing power parity
money market
VAR model
Abstract: Inflation has proven to be an important obstacle to successful economic adjustment in many countries. Despite both internal and external shocks to the economy, Mozambique has succeeded in controlling the inflation to gain high economic growth. This paper provides an econometric analysis of the dynamics behind the experience of Mozambique. Inflation is driven by both a purchasing power parity relation with South Africa and monetary factors. The result indicates that the country is using a crawlin... more
ISSN: 1403-2465
Description: JEL Classification: C32; E31; E50
URI: http://hdl.handle.net/2077/30502
Appears in Collections:Working papers

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