Modeling Inflation in Chad

31 Pages Posted: 22 Mar 2011

See all articles by Tidiane Kinda

Tidiane Kinda

CERDI-CNRS, Université d'Auvergne

Date Written: March 2011

Abstract

This paper examines the determinants of inflation in Chad using quarterly data from 1983:Q1 to 2009:Q3. The analysis is based on a single-equation model, completed by a structural vector auto regression model to capture inflation persistence. The results show that the main determinants of inflation in Chad are rainfall, foreign prices, exchange rate movements, and public spending. The effects of rainfall shocks and changes in foreign prices on inflation persist during six quarters. Changes in public spending and the nominal exchange rate affect inflation during three and four quarters, respectively.

Keywords: Chad, Consumer price indexes, Demand, Demand for money, Economic models, Government expenditures, Inflation

Suggested Citation

Kinda, Tidiane, Modeling Inflation in Chad (March 2011). IMF Working Paper No. 11/57, Available at SSRN: https://ssrn.com/abstract=1792223

Tidiane Kinda (Contact Author)

CERDI-CNRS, Université d'Auvergne ( email )

65 Boulevard Francois Mitterrand
Clermont-Ferrand, 63000
France

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