Filter by...
Reset all
Publications (24)
Working Paper
pdf
– A Comparative Study Using Innovation Accounting
This paper investigates the impacts and responses of macroeconomic shocks in some domestic economies in Sub-Saharan Africa over the period 1961-99; more specifically, it seeks to answer the question of whether there are any systematic differences in the responses of the CFA franc zones and the non...
Working Paper
pdf
L’objectif de cet étude est d’analyser l’état de la convergence dans l’UEMOA, de 1980 à 2001, à travers les critères de convergence définis dans son pacte de convergence. On utilise l’approche méthodologique de Haldane et Hall (1991) pour appréhender la dynamique des variables économiques du pacte...
Book Chapter
From the book:
Macroeconomic Policy in the Franc Zone
Working Paper
pdf
– Time-series and Cross-country Evidence from the CFA-zone Countries of sub-Saharan Africa
The causes of the slow growth of CFA countries are investigated. There is little difference in this respect between the CFA and other sub-Saharan African countries. Since 1970, GDP growth in the CFA countries has shown no significant trend but one or two medium-term fluctuations (positive in 1979-83...
Book Chapter
– Time-Series and Cross-Country Evidence from the Franc Zone Countries of Sub-Saharan Africa
From the book:
Macroeconomic Policy in the Franc Zone
Book Chapter
From the book:
Macroeconomic Policy in the Franc Zone
Working Paper
pdf
– Evidence from the West African Economic and Monetary Union
The West African Economic and Monetary Union (UEMOA) has a history of monetary stability and low inflation. Nevertheless, there is substantial variation in relative prices within some UEMOA countries, in particular in the price of food relative to other elements of the retail price index (IHPC)...
Book Chapter
– Evidence from the West African Economic and Monetary Union
From the book:
Macroeconomic Policy in the Franc Zone
Working Paper
pdf
The paper identifies and examines those factors that have affected growth in the CFA franc zone countries relative to the non CFA countries. It examines the special arrangements between franc zone countries and France, which give some advantages that seem not to have created a more rapid and...
The fourteen members of the African CFA Franc Zone represent the largest monetary unions in the southern hemisphere, predating the European Monetary Union by decades. With monetary unions planned for other parts of Africa in the near future, this book focuses on some of the key challenges facing the...
Working Paper
pdf
– A West African Example
We construct a structural macroeconometric model for member states of the West African Economic and Monetary Union. Fitting this model to annual and quarterly time series data allows us to identify the channels through which macroeconomic innovation in one country impact on other countries in the...
Working Paper
pdf
– Country-level Credit Policy
This paper examines whether the BCEAO has made use of the various policy instruments at its disposal for steering credit in the individual CFA zone member countries to complement interest rate policy at the zone level. We estimate whether private sector credit has responded systematically to...
Working Paper
pdf
– Estimating Interest Rate Rules for the BCEAO
This paper examines to what extent the central bank for the West African Economic and Monetary Union (BCEAO) has used interest rate policy in response to domestic economic developments. We show that while in the long run the BCEAO matches changes in French (Eurozone) interest rates one for one, in...
Working Paper
pdf
This paper brings out that poverty increased massively in the wake of the 1994 devaluation of the CFA franc, despite a significant recovery of economic growth. Although this increase affected all the social groups, it fell mostly on the urban poor. An analytical model is presented, which explains...
Displaying 16 of 24 results