How Does Monetary Policy Affect the Poor? Evidence from the West African Economic and Monetary Union
AbstractThe 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). Using monthly time-series data for cities within the region, we analyse the impact of changes in monetary policy instruments on the relative prices of components of the IHPC. We are then able to explore how the burden of monetary policy innovations is likely to be shared between the rich and poor. Copyright 2004, Oxford University Press.
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Bibliographic InfoArticle provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.
Volume (Year): 13 (2004)
Issue (Month): 4 (December)
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Other versions of this item:
- Fielding, David, 2004. "How Does Monetary Policy Affect the Poor? Evidence from the West African Economic and Monetary Union," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- David Fielding, 2003. "How Does Monetary Policy Affect the Poor? Evidence from the West African Economic and Monetary Union," Discussion Papers in Economics 03/11, Department of Economics, University of Leicester.
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other
- O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
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- Coleman, Simeon, 2010.
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- Paul Alagidede & Simeon Coleman & Juan Carlos Cuestas, 2010.
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2010020, The University of Sheffield, Department of Economics, revised Nov 2010.
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- S Coleman & M Karoglou, 2010. "Monetary Variability and Monetary Variables in the Franc Zone," Economic Issues Journal Articles, Economic Issues, vol. 15(2), pages 17-48, September.
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