IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpif/0508011.html
   My bibliography  Save this paper

Is Inflation Always And Everywhere A Non-Monetary Phenomenon: Evidence From Uganda

Author

Listed:
  • KIHANGIRE Asiimwe David

    (BANK OF UGANDA, RESEARCH DEPARTMENT)

  • MUGYENYI Albert

    (BANK OF UGANDA, RESEARCH DEPARTMENT)

Abstract

This paper examines the determinants of Uganda’s inflation rate during 1994M7-2005M6. We test the central hypothesis that Uganda’s inflation rate is always and everywhere a non-monetary phenomenon. A theoretical background relating inflation to monetary and other non-monetary factors is first analyzed before a detailed empirical analysis is done. We apply ARDL approach to cointegration methods of analysis due to lack of a pure set of I(0) or I(1) for all the series. The results suggest insufficient evidence to accept the research hypothesis, as Uganda’s inflation rate is significantly correlated with both monetary and non-monetary factors.

Suggested Citation

  • KIHANGIRE Asiimwe David & MUGYENYI Albert, 2005. "Is Inflation Always And Everywhere A Non-Monetary Phenomenon: Evidence From Uganda," International Finance 0508011, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpif:0508011
    Note: Type of Document - doc; pages: 15. This is a working paper, which will soon appear in Bank of Uganda Staff Papers, 2005.
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/if/papers/0508/0508011.doc
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jacob Opolot & Anita Mpagi, 2017. "Inflation Dynamics in Uganda: The role of disequilibria in the money and traded goods markets," Journal of Statistical and Econometric Methods, SCIENPRESS Ltd, vol. 6(1), pages 1-2.
    2. Prasert Chaitip & Chukiat Chaiboonsri, 2009. "Thailand’s International Tourism Demand: The ARDL Approach to Cointegration," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(3), pages 163-184.

    More about this item

    Keywords

    Uganda; Inflation; exchange rate; exchange rate misalignment; exchange rate variability; terms of trade; rainfall; capacity utilization; interest rates;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpif:0508011. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: EconWPA (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.