Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns PDF full book. Access full book title Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns by Oumar Diallo. Download full books in PDF and EPUB format.

Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns

Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns PDF Author: Oumar Diallo
Publisher: International Monetary Fund
ISBN: 1484306759
Category : Business & Economics
Languages : en
Pages : 26

Get Book Here

Book Description
This paper assesses the extent to which Sub-Saharan Africa (SSA)’s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSA’s business cycle has not only moved in the same direction as that of the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy stances in SSA and the BRICs are not synchronized, they have not caused cyclical output correlation between these two groups of countries. Also, financial openness, which is at a very early stage across most SSA countries, has acted as a neutral force.