Tramsission de la politique monétaire: le cas des pays de la CEMAC
[Monetary policy transmission: the case of the CEMAC]
AbstractThis article analyzes the process by which the monetary policy influences economies of the six countries of the Economic and Monetary Community of Central Africa (CEMAC) during the period 1980-2008. After having identified the channels of interest rate, credit and currency, we show that the monetary policy ended in differentiated effects on the economies of the sub-region. In particular, extent of the shocks on the variables of the monetary transmission led to important differences between the countries with short and long-term.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 26032.
Date of creation: 27 Aug 2010
Date of revision:
monetary policy tranmission; VAR models; CEMAC;
Find related papers by JEL classification:
- E0 - Macroeconomics and Monetary Economics - - General
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
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