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 analyze 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.
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Bibliographic InfoPaper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER Research Paper RP2004/02.
Length: 36 pages
Date of creation: 2004
Date of revision:
monetary policy; poverty; Africa;
Other versions of this item:
- David Fielding, 2004. "How Does Monetary Policy Affect the Poor? Evidence from the West African Economic and Monetary Union," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 13(4), pages 563-593, December.
- 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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- 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.
- Alagidede, Paul & Coleman, Simeon & Cuestas, Juan Carlos, 2012. "Inflationary shocks and common economic trends: Implications for West African monetary union membership," Journal of Policy Modeling, Elsevier, vol. 34(3), pages 460-475.
- Alagidede, Paul & Coleman, Simeon & Cuestas, Juan Carlos, 2010.
"Persistence of Inflationary shocks: Implications for West African Monetary Union Membership,"
Stirling Economics Discussion Papers
2010-11, University of Stirling, Division of Economics.
- Paul Alagidede & Simeon Coleman & Juan Carlos Cuestas, 2010. "Persistence of Inflationary Shocks: Implications for West African Monetary Union Membership," Working Papers 2010/8, Nottingham Trent University, Nottingham Business School, Economics Division.
- Paul Alagidede & Simeon Coleman & Juan Carlos Cuestas, 2010. "Persistence of Inflationary shocks: Implications for West African Monetary Union Membership," Working Papers 2010020, The University of Sheffield, Department of Economics, revised Nov 2010.
- Coleman, Simeon, 2010.
"Inflation persistence in the Franc zone: Evidence from disaggregated prices,"
Journal of Macroeconomics,
Elsevier, vol. 32(1), pages 426-442, March.
- Simeon Coleman, 2008. "Inflation persistence in the Franc Zone: evidence from disaggregated prices," Working Papers 2008/16, Nottingham Trent University, Nottingham Business School, Economics Division.
- Fielding, David & Lee, Kevin & Shields, Kalvinder, 2004. "Modelling Macroeconomic Linkages in a Monetary Union: A West African Example," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Coleman, Simeon, 2012. "Where Does the Axe Fall? Inflation Dynamics and Poverty Rates: Regional and Sectoral Evidence for Ghana," World Development, Elsevier, vol. 40(12), pages 2454-2467.
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