TY - BOOK ID - 85503924 TI - Economic Fluctuations in Sub-Saharan Africa AU - Melina, Giovanni. AU - Portillo, Rafael. PY - 2018 SN - 1484394550 1484394534 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Business cycles. KW - Economic cycles KW - Economic fluctuations KW - Cycles KW - Exports and Imports KW - Inflation KW - Macroeconomics KW - Business Fluctuations KW - Macroeconomic Analyses of Economic Development KW - Open Economy Macroeconomics KW - Comparative Studies of Countries KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Empirical Studies of Trade KW - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) KW - Price Level KW - Deflation KW - Current Account Adjustment KW - Short-term Capital Movements KW - International economics KW - Economic growth KW - Consumption KW - Trade balance KW - Business cycles KW - Current account KW - National accounts KW - International trade KW - Prices KW - Balance of payments KW - Economics KW - Balance of trade KW - South Africa UR - https://www.unicat.be/uniCat?func=search&query=sysid:85503924 AB - We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports. ER -