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Author

S. Diop

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Open access 2026

Dynamic Analysis of the Relationship Between Budget Deficit Financing Modes and Inflation in Africa

This paper investigates the dynamic short- and long-run effects of four budget deficit financing modes—monetary financing (seigniorage), domestic borrowing, external borrowing, and taxation—on inflation across 50 African countries over 1995—2024. Using 1,500 country-year observations, we apply cross-sectionally augment...

M. Mvuyekure, F. Nimubona, S. Diop et al. · 0 citations

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