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Economic Fluctuations in Sub-Saharan Africa
2018
IMF Working Papers
We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of
doi:10.5089/9781484344880.001
fatcat:lmi63hntpvbrjiuwtxoijni7wm