Public Article
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verified
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ISSN: 2790 - 8003Publisher: author   
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Indexed in
Social Sciences
ARTICLE-FACTOR
1.3
Article Basics Score: 2
Article Transparency Score: 2
Article Operation Score: 2
Article Articles Score: 2
Article Accessibility Score: 3
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International Category Code (ICC):
ICC-0202
Publisher: Professeur Ngonzo Kitumba Reagan, Ph.d
International Journal Address (IAA):
IAA.ZONE/2790381758003
eISSN
:
2790 - 8003
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Abstract
Summary The objective of this research is to identify the determining factors of the inflationary process in the Congolese economy during the period 1964 - 2016. Our research is made on the basis of the estimation of a multiple linear econometric model which retained the rate inflation rate as dependent variable and lagged inflation rate, GDP growth rate, money supply growth rate and exchange rate as explanatory variables. After analyzing and interpreting the model data, our results demonstrate that the high inflation rates observed during the period under examination are explained by the uncontrolled growth of the money supply in the economy with the highest inflation rate. standing at 23,773.13% in 1994 (World Bank, 2018). These results lead to the conclusion that, all other things remaining equal, the price fluctuations observed in the Congolese economy are caused, among other things, by the increase in the quantity of money put in...