Les indicateus avancés de l'inflation en RDCongo

Henry Ngongo ()
Additional contact information
Henry Ngongo: UEA - Université Evangélique en Afrique

Post-Print from HAL

Abstract: This study aims to identify the leading of inflation indicators of monetary policy in DRC. The results reveal that the most relevant inflation indicators usually come from the monetary origin than the real sector. Variance decomposition analyzes place in the foreground the rate of exchange, the money supply and the public consumption like the most relevant indicators. In order to achieve its goal of price stability and to support a strong economic growth, the intermediate objective of the Central Bank baseded on the controle of the money supply seems to be less relevant. Relates to a high level of the dollarization, the central bank will be able to adopt either the strategy of nominal anchoring of the rate of exchange, this calls the return of the fixed exchange regime or to adopt a strategy of inflation targeting is to restore the credibility of the monetary policy

Keywords: leading indicators of inflation; monetary policy (search for similar items in EconPapers)
Date: 2015-05-24
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
Note: View the original document on HAL open archive server: https://hal.science/hal-01202369
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Annales de l'U.E.A, 2015, Annales de l'U.E.A Numéro 5, Volume 4, 4 (5), pp.23 - 40

Downloads: (external link)
https://hal.science/hal-01202369/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01202369

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().