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Les effets macroéconomiques de la chute des cours des produits de base: Evaluation sur la République démocratique du Congo

Pinshi, Christian P. (2018): Les effets macroéconomiques de la chute des cours des produits de base: Evaluation sur la République démocratique du Congo. Published in: International Journal of Innovation and Applied Studies , Vol. 24, No. ISSN 2028-9324 (1 August 2018): pp. 167-180.

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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.

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