Forecasting Inflation in Sudan

This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during the sample period. The Granger causality test suggests tha...

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Bibliographic Details
Main Author: Moriyama, Kenji
Other Authors: Naseer, Abdul
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Forecasting Inflation in Sudan  |c Kenji Moriyama, Abdul Naseer 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2009 
300 |a 25 pages 
651 4 |a Sudan 
653 |a Business cycles 
653 |a Inflation 
653 |a Cyclical indicators 
653 |a Monetary economics 
653 |a Economic Forecasting 
653 |a Deflation 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Agricultural prices 
653 |a Economic forecasting 
653 |a Forecasting 
653 |a Money supply 
653 |a Price Level 
653 |a Monetary base 
653 |a Forecasting and Other Model Applications 
653 |a Economic growth 
653 |a Prices 
653 |a Macroeconomics 
653 |a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) 
653 |a Agriculture: Aggregate Supply and Demand Analysis 
653 |a Money and Monetary Policy 
700 1 |a Naseer, Abdul 
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520 |a This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during the sample period. The Granger causality test suggests that private sector credit and world wheat prices are the leading indicators explaining inflation in Sudan. Inflation forecasts based on both approaches suggest that inflationary pressures for 2009 and 2010 will be modest and that inflation will remain in single-digits, assuming that prudent macroeconomic policies are maintained