Ciblage De Lainflation En Regime De Change Fixe: Le Cas De La Zone Cemac

Mba Fokwa ArsAne
Mba Fokwa ArsAne * §
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Nji NGouhouo Ibrahim
Nji NGouhouo Ibrahim
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Kamajou FranAois
Kamajou FranAois
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§ University of Dschang University of Dschang

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Ciblage De Lainflation En Regime De Change Fixe: Le Cas De La Zone Cemac

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Abstract

This paper focuses on the determinants of inflation under different policy rules and fixed exchange rate regime. The purpose of this paper is to check the behaviour of inflation in fixed exchange rate regime for a flexible targeting period and a period of strict targeting. The data used are mainly from the World Bank, in «the book of world development indicators» contained in the CD -ROM (WDI 2013). Working for the periods 1977-1994, 1995-2012 and 1977-2012, the analysis was done with a dynamic panel that has the distinction of being among the independent variables, the endogenous variable lagged one or more periods. The endogenous variable is the rate of inflation. Estimates made from the Arellano and Bond (1991) method, it is clear that during the period of flexible inflation targeting, money supply, trade balance and the exchange rate are the main determinants of inflation. During the period of strategy of strict inflation targeting, the main determinants of inflation are the benefits of natural resources, the trade balance and the economic crisis.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Mba Fokwa ArsAne, Nji NGouhouo Ibrahim, Kamajou FranAois. 2015. "Ciblage De Lainflation En Regime De Change Fixe: Le Cas De La Zone Cemac". Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 14 (GJMBR Volume 14 Issue C6).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
determinant of inflationdynamic panelinflation targeting
Classification
GJMBR-C Classification JEL Code: E44
  • Submission ReceivedDecember 8, 2013
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 1, 2014
  • Published January 15, 2014
Version of record

v1.2

Issue date
January 17, 2015

Language
French
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Ciblage De Lainflation En Regime De Change Fixe: Le Cas De La Zone Cemac

Mba ArsAne
Mba ArsAne University of Dschang
Nji Ibrahim
Nji Ibrahim
Kamajou FranAois
Kamajou FranAois
  • Submission ReceivedDecember 8, 2013
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 1, 2014
  • Published January 15, 2014