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

Mba Fokwa ArsAne; Nji NGouhouo Ibrahim; Kamajou FranAois

Authors

Mba Fokwa ArsAne
Nji NGouhouo Ibrahim
Kamajou FranAois

Keywords:

inflation targeting, determinant of inflation, dynamic panel

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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Ciblage De Lainflation En Regime De Change Fixe: Le Cas De La Zone Cemac. (2014). Global Journal of Management and Business Research, 14(27), 1-12. https://journalofbusiness.org/index.php/GJMBR/article/view/

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Author Biography

Mba Fokwa ArsAne

Mba Fokwa Arsène is an economist and researcher affiliated with the Faculty of Economics and Management, Department of Economic Policy and Analysis at the University of Dschang, Cameroon. His research spans macroeconomic policy, financial sector analysis, and development economics, with a particular focus on the Cameroonian and CEMAC regional contexts. He has authored or co-authored over a dozen scholarly articles addressing topics such as the nexus between credit, inflation, and economic growth; inflation targeting under fixed exchange rates; determinants of bank profitability; the impact of public aid on poverty reduction and economic growth; and consumer behavior regarding counterfeit products. His work employs rigorous econometric methods and panel data analysis, contributing to policy-relevant knowledge in Sub-Saharan Africa. Dr. Arsène is also known under the name Nselapi Nocheh Dieudonne and maintains an active research agenda in green agriculture, financial inclusion, and environmental sustainability.

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