[ Les effets macroéconomiques de la chute des cours des produits de base: Evaluation sur la République démocratique du Congo ]
Volume 24, Issue 1, August 2018, Pages 167–180
Christian P. Pinshi1
1 Université de Kinshasa, RD Congo
Original language: French
Copyright © 2018 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This paper assesses the shock impact of commodity prices on the macroeconomic framework in the Democratic Republic of the Congo. Using a Vector autoregressive (VAR) model, we determine the impulses of each macroeconomic sector to lower prices. The results indicate that this shock leads to complex effects that can lead to systemic risks and crises. We suggest that it would be important for governments, given such shocks, to learn from and take immediate action to strengthen the resilience of the economy and the financial system to future shocks in based.
Author Keywords: Commodity prices, macroeconomic behavior.
Volume 24, Issue 1, August 2018, Pages 167–180
Christian P. Pinshi1
1 Université de Kinshasa, RD Congo
Original language: French
Copyright © 2018 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This paper assesses the shock impact of commodity prices on the macroeconomic framework in the Democratic Republic of the Congo. Using a Vector autoregressive (VAR) model, we determine the impulses of each macroeconomic sector to lower prices. The results indicate that this shock leads to complex effects that can lead to systemic risks and crises. We suggest that it would be important for governments, given such shocks, to learn from and take immediate action to strengthen the resilience of the economy and the financial system to future shocks in based.
Author Keywords: Commodity prices, macroeconomic behavior.
Abstract: (french)
Cet article réalise une évaluation de l’impact de choc des cours des produits de base sur le cadre macroéconomique en République démocratique du Congo. À partir d’un modèle Vectoriel autorégressif (VAR), nous déterminons les impulsions de chaque secteur macroéconomique à la baisse des cours. Les résultats indiquent que ce choc conduit à des effets complexes pouvant déboucher sur des risques systémiques et des crises. Nous suggérons qu’il serait important pour les pouvoirs publics, compte tenu de tels chocs, de tirer leçon et de prendre des mesures dans l’immédiat pour renforcer la résilience de l’économie et du système financier face aux chocs à venir des produits de base.
Author Keywords: cours des produits de base, comportement macroéconomique.
How to Cite this Article
Christian P. Pinshi, “The Macroeconomic Effects of commodity bust: Assessment on Democratic Republic of the Congo,” International Journal of Innovation and Applied Studies, vol. 24, no. 1, pp. 167–180, August 2018.
