EN
Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community
Abstract
This paper uses nonlinear unit root testing procedures to examine the issue of inflation convergence for the Central African Economic and Monetary Community (CEMAC) member states including Cameron, Central African Republic, Chad, Equatorial Guinea, Gabon and the Republic of Congo. The results from nonlinear STAR unit root tests suggest that inflation differentials for the sample countries are nonlinear and mean reverting processes. These results provide evidence of inflation convergence among countries within CEMAC. The finding of inflation convergence indicates the feasibility of a common monetary policy and/or inflation targeting regime within CEMAC.
Keywords
Details
Primary Language
English
Subjects
-
Journal Section
-
Publication Date
March 1, 2014
Submission Date
March 1, 2014
Acceptance Date
-
Published in Issue
Year 2014 Volume: 4 Number: 1
APA
Anoruo, E., & Murthy, V. N. (2014). Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community. International Journal of Economics and Financial Issues, 4(1), 1-7. https://izlik.org/JA89PH87GZ
AMA
1.Anoruo E, Murthy VN. Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community. IJEFI. 2014;4(1):1-7. https://izlik.org/JA89PH87GZ
Chicago
Anoruo, Emmanuel, and Vasudeva N.r. Murthy. 2014. “Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community”. International Journal of Economics and Financial Issues 4 (1): 1-7. https://izlik.org/JA89PH87GZ.
EndNote
Anoruo E, Murthy VN (March 1, 2014) Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community. International Journal of Economics and Financial Issues 4 1 1–7.
IEEE
[1]E. Anoruo and V. N. Murthy, “Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community”, IJEFI, vol. 4, no. 1, pp. 1–7, Mar. 2014, [Online]. Available: https://izlik.org/JA89PH87GZ
ISNAD
Anoruo, Emmanuel - Murthy, Vasudeva N.r. “Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community”. International Journal of Economics and Financial Issues 4/1 (March 1, 2014): 1-7. https://izlik.org/JA89PH87GZ.
JAMA
1.Anoruo E, Murthy VN. Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community. IJEFI. 2014;4:1–7.
MLA
Anoruo, Emmanuel, and Vasudeva N.r. Murthy. “Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community”. International Journal of Economics and Financial Issues, vol. 4, no. 1, Mar. 2014, pp. 1-7, https://izlik.org/JA89PH87GZ.
Vancouver
1.Emmanuel Anoruo, Vasudeva N.r. Murthy. Testing Nonlinear Inflation Convergence for the Central African Economic and Monetary Community. IJEFI [Internet]. 2014 Mar. 1;4(1):1-7. Available from: https://izlik.org/JA89PH87GZ