Les indicateus avanc\'es de l'inflation en RDCongo

Henry Ngongo
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Henry Ngongo: UEA

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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

Date: 2015-09
New Economics Papers: this item is included in nep-mac and nep-mon
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Published in Annales de l'U.E.A, Universit\'e Evang\'elique en Afrique, 2015, Annales de l'U.E.A Num\'ero 5, Volume 4, 4 (5), pp.23 - 40

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