Prices, money and the exchange rate in Angola: an analysis of the relationships

Detalhes bibliográficos
Autor(a) principal: Cuña, Luís Tomás Ribeiro Rosa
Data de Publicação: 2018
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/32482
Resumo: Since 2014, the Angolan economy has been under heavy instability due to the falling of international oil prices. To fight inflation, the National Bank of Angola is now using, as instruments, the exchange rate and money supply. This Work Project uses a Vector Error Correction model to assess which one is more effective in influencing CPI inflation. We do so using the Johansen procedure, where we identify two cointegrating vectors. One for the money market equilibrium and the other capturing the Dutch Disease. The analysis performed finds evidence that supports the nominal exchange rate as the most impactful tool to contain inflation.
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spelling Prices, money and the exchange rate in Angola: an analysis of the relationshipsAngolaVector error correctionInflationExchange rateDomínio/Área Científica::Ciências Sociais::Economia e GestãoSince 2014, the Angolan economy has been under heavy instability due to the falling of international oil prices. To fight inflation, the National Bank of Angola is now using, as instruments, the exchange rate and money supply. This Work Project uses a Vector Error Correction model to assess which one is more effective in influencing CPI inflation. We do so using the Johansen procedure, where we identify two cointegrating vectors. One for the money market equilibrium and the other capturing the Dutch Disease. The analysis performed finds evidence that supports the nominal exchange rate as the most impactful tool to contain inflation.Freitas, Miguel Lebre deRUNCuña, Luís Tomás Ribeiro Rosa2018-03-14T15:06:36Z2018-01-202018-01-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/32482TID:201861445enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:18:05Zoai:run.unl.pt:10362/32482Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:29:53.206906Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Prices, money and the exchange rate in Angola: an analysis of the relationships
title Prices, money and the exchange rate in Angola: an analysis of the relationships
spellingShingle Prices, money and the exchange rate in Angola: an analysis of the relationships
Cuña, Luís Tomás Ribeiro Rosa
Angola
Vector error correction
Inflation
Exchange rate
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Prices, money and the exchange rate in Angola: an analysis of the relationships
title_full Prices, money and the exchange rate in Angola: an analysis of the relationships
title_fullStr Prices, money and the exchange rate in Angola: an analysis of the relationships
title_full_unstemmed Prices, money and the exchange rate in Angola: an analysis of the relationships
title_sort Prices, money and the exchange rate in Angola: an analysis of the relationships
author Cuña, Luís Tomás Ribeiro Rosa
author_facet Cuña, Luís Tomás Ribeiro Rosa
author_role author
dc.contributor.none.fl_str_mv Freitas, Miguel Lebre de
RUN
dc.contributor.author.fl_str_mv Cuña, Luís Tomás Ribeiro Rosa
dc.subject.por.fl_str_mv Angola
Vector error correction
Inflation
Exchange rate
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Angola
Vector error correction
Inflation
Exchange rate
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description Since 2014, the Angolan economy has been under heavy instability due to the falling of international oil prices. To fight inflation, the National Bank of Angola is now using, as instruments, the exchange rate and money supply. This Work Project uses a Vector Error Correction model to assess which one is more effective in influencing CPI inflation. We do so using the Johansen procedure, where we identify two cointegrating vectors. One for the money market equilibrium and the other capturing the Dutch Disease. The analysis performed finds evidence that supports the nominal exchange rate as the most impactful tool to contain inflation.
publishDate 2018
dc.date.none.fl_str_mv 2018-03-14T15:06:36Z
2018-01-20
2018-01-20T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/32482
TID:201861445
url http://hdl.handle.net/10362/32482
identifier_str_mv TID:201861445
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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