ABSTRACT

In this study, we investigate the degree to which inflation-rate movements for countries in the East African Community (EAC) have become more similar, which is an important issue for the EAC’s goal of creating a common currency. For the five EAC countries (excluding South Sudan), we find that comovements in inflation rates generally became more similar between 1995 and 2018. A decrease in the correlations of the three largest EAC members with the rest of the EAC (from each of their perspectives) after 2013 is concerning for a smoothly running monetary union.

中文翻译：

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东非共同体国家间通货膨胀率变动的共同点

摘要

在这项研究中，我们调查了东非共同体 (EAC) 国家的通货膨胀率变动在何种程度上变得更加相似，这是东非共同体 (EAC) 创建共同货币目标的一个重要问题。对于五个 EAC 国家（不包括南苏丹），我们发现在 1995 年至 2018 年期间，通货膨胀率的联动通常变得更加相似。三个最大的 EAC 成员与 EAC 其他成员的相关性下降（从他们各自的角度来看） ) 2013 年之后的货币联盟运行顺利。