PUBLIC SECTOR WAGE AND INFLATION IN GHANA

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dc.contributor.authorOfori-Abebrese, Grace
dc.contributor.authorWalanyo Azumah, George Kwesi
dc.contributor.authorPickson, Robert Becker
dc.date.accessioned2018-06-04T11:49:12Z
dc.date.accessioned2023-04-19T00:35:43Z
dc.date.available2018-06-04T11:49:12Z
dc.date.available2023-04-19T00:35:43Z
dc.date.issued2017-04-10
dc.descriptionArticle published in the Asian Economic and Financial Review, 2017, found at DOI: 10.18488/journal.aefr.2017.76.561.572en_US
dc.description.abstractAchieving price stability has been in the orbit of concern of state authorities for time immemorial. This paper is therefore focused on determining empirically the impact of public wage bill on inflation in Ghana for the period of 1986-2014. Using an Autoregressive Distributed Lag (ARDL) to cointegration model, it was discovered from the study that public wage bill, currency depreciation rate, money supply, and fiscal deficit all have significant impact on inflation in Ghana. The outcome of this study postulates that the rate of inflation determination in Ghana is also a fiscal phenomenon in spite of the significant and domineering role played by monetary expansion. Consequently, equal attention must be accorded both fiscal and monetary policy in the fight against the rate of inflation in Ghana for appreciable and sustained result.en_US
dc.description.sponsorshipKNUSTen_US
dc.identifier.citationAsian Economic and Financial Review Vol. 7, No. 6, 561-572.en_US
dc.identifier.issn2305-2147
dc.identifier.urihttps://ir.knust.edu.gh/handle/123456789/11258
dc.language.isoenen_US
dc.publisherAsian Economic and Financial Reviewen_US
dc.subjectPublic wage billen_US
dc.subjectInflationen_US
dc.subjectExchange rateen_US
dc.subjectGovernment fiscal deficiten_US
dc.subjectPublic wage bill InflatMoney supplyen_US
dc.subjectInterest rate.en_US
dc.titlePUBLIC SECTOR WAGE AND INFLATION IN GHANAen_US
dc.typeArticleen_US
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