Angola : Selected Issues and Statistical Appendix.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/355

IMF Staff Country Reports

Language:

English

Subjects (All):

Inflation (Finance)--Angola.

Inflation (Finance).

Angola--Economic policy.

Angola.

Physical Description:

1 online resource (83 p.)

Edition:

First edition.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

This Selected Issues paper and Statistical Appendix on Angola underlie monetary policy framework. Angola has adopted an anti-inflation policy that has led to a sharp decline in inflation. To institute a monetary policy framework, a nominal anchor or constraint on the value of domestic currency must be established. Additional work to fine-tune the measures of currency in circulation, conduct more sophisticated tests to assess the relationship between inflation and the monetary aggregates, and determine how to incorporate the currency measure in monetary operations is needed.

Contents:

Cover; Contents; I. Options to Strengthen the Monetary Framework in Angola; A. Introduction; B. Recent Developments; C. BNA's Monetary Policy Framework; D. Selecting a Nominal Anchor and Options for Angola; E. Improving the Monetary Framework in Angola; F. Market Infrastructure and Institutional Shortcomings; G. Conclusions; References; II. Fundamental Determinants of the Real Exchange Rate in Angola; A. Introduction; B. Some Stylized Facts; C. Related Literature; D. Empirical Analysis; Tables; II.1 Summary Statistics, 1980-2006; II.2 Augmented Dickey-Fuller Tests, 1980-2006

E. Testing the PPP hypothesisII.3. Selected Pairwise Granger Causality Test, 1980-2006; II.4 The U.S. Dollar Exchange Rate, 1980-2006; F. Cointegration Analysis; II.5 Equilibrium Real Exchange Rate Estimates; II.6 Rank Tests; II.7 Adjustment Coefficients; II.8 Short-Run Error-Correction Model, 1981-2006; G. Conclusions; Annex 1-Description of Key Variables; Appendix Tables; II.1 Correlation Matrix, 1980-2006; II.2 Covariance Matrix, 1980-2006; II.3. Estimated Persistency of RER, 1981-2006; II.4 Residual Normality Test; II.5 Residual Covariance Matrix; II. 6 Residual Correlation Matrix

ReferencesStatistical Appendix Tables; 1a. Basic Data, 2002-06; 1b. Basic Data; 2. Gross Domestic Product by Sector of Activity, 2002-06; 3. Oil Production by Oil Field, 2002-06; 4. Oil Balance, 2002-06; 5. Mining Production, 2002-06; 6. Prices of Petroleum Products, 2002-06; 7. Consumer Price Index in Luanda, December 2002-December 2006; 8. Average Exchange Rates, December 2002-December 2006; 9. Balance of Payments, 2002-06; 10. Foreign Exchange Reserves, 2002-06; 11. Direction of Merchandise Exports, 2002-06; 12. Commodity Composition of Exports, 2002-06

13. Origin of Merchandise Imports, 2002-0614. Composition of Imports, 2002-06; 15. Services, 2002-06; 16. Monetary Survey, December 2002-December 2006; 17. Interest Rates, December 2002-December 2006; 18. Summary of Government Operations, 2002-06; 19. Summary of Government Operations, 2002-06; 20. Summary of Government Operations, 2002-06; 21. Functional Distribution of Government Expenditure, 2002-06; 22. Population Statistics, 2001-05; 23. Public Medium- and Long-term External Debt 2002-06; Summary of Tax System, May 2007

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613750112

9781455284498

1455284491

9781452722290

1452722293

9781280978500

1280978503

9781452753959

1452753954

OCLC:

870597791