Currency depreciation and inflationary pressure vis-à-vis monetary intervention: perspectives on growth and policy implications
https://doi.org/10.3326/pse.50.1.7 | Published online: March 18, 2026 Graph 1
Growth performance of Sub-Saharan African countries, 1990-2023 Graph 2
Real effective exchange rates of Sub-Saharan African countries, 1990-2023 2000 = 100 Graph 3
Inflation rates in Sub-Saharan African countries, 1990-2023 Table 1
Descriptive statistics1
1The sample includes 340 annual observations for ten Sub-Saharan countries over 1990-2023. 22010 = 100. 3In percent of total international reserves of central bank. 4In percent of GDP. Source: Authors’ calculations. Table 2
Panel unit root and cointegration test Table 3
DOLS long-run estimation results Endogenous variable: Real GDP growth (EG) Table 4
ECM estimation results Endogenous variable: ΔEG Table 5
Prediction errors Table 6
Pairwise Granger causality tests
Views
1433
Downloads
72 Visits refer to users (not robots) and are expressed cumulatively . Article visits include visits to the article web page and visits to all full text files regarding this article. To obtain a more realistic insight into the actual visits and reduce the possibility of manipulation (manually or automated) the following records were filtered out:
|
March, 2026 I/2026 |
