TY - BOOK ID - 84542947 TI - Inflation Uncertainty and Relative Price Variability in WAEMU Countries AU - Gerling, Kerstin. AU - Fernandez Valdovinos, Carlos. AU - International Monetary Fund. PY - 2011 SN - 146232634X 1455255262 1283556049 9786613868497 145522300X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Inflation (Finance) KW - Elasticity (Economics) KW - Coefficient of elasticity KW - Demand elasticity KW - Elasticity, Coefficient of KW - Elasticity of demand KW - Price elasticity of demand KW - Demand (Economic theory) KW - Economics KW - Finance KW - Natural rate of unemployment KW - Econometric models. KW - Exports and Imports KW - Inflation KW - Macroeconomics KW - Price Level KW - Deflation KW - Financial Aspects of Economic Integration KW - Commodity Markets KW - International economics KW - Consumer price indexes KW - Monetary unions KW - Commodity price shocks KW - Prices KW - Price indexes KW - Guinea UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542947 AB - Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line with theory and most evidence for advanced and emerging market economies, higher inflation increases inflation uncertainty and relative price variability in all WAEMU countries. However, the pattern, magnitude and timing of these two channels vary considerably by country. The findings raise several policy issues for future research. ER -