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Inflation Et Objectif De Monnaie Unique Dans Les Pays De La Cedeao :Convergence Nominale Versus Variabilite Relative Des Prix: Inflation And Common Currency Goal In Ecowas :Nominal Convergence Versus Relative Price And Stability

Author

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  • NASSER ARY TANIMOUNE
  • Gervasio Semedo

Abstract

RESUME:La présente contribution analyse les expériences d’inflation dans les pays de la CommunautéÉconomique des États de l’Afrique de l’Ouest (CEDEAO) dans une perspective de création demonnaie unique. Les résultats montrent d’une part, une convergence nominale bien perceptiblede l’inflation et d’autre part, des prix relatifs nationaux assez variables. Ainsi, si l’évolutionsouhaitée de l’inflation autour de la norme communautaire de 5% d’inflation est vertueuse, etdonc synonyme d’une diminution des coûts de transaction, nous trouvons aussi qu’il y a toutlieu de s’interroger sur les externalités qui résulteraient des hétérogénéités nationales du pointde vue de la variabilité relative des prix nationaux.

Suggested Citation

  • NASSER ARY TANIMOUNE & Gervasio Semedo, 2013. "Inflation Et Objectif De Monnaie Unique Dans Les Pays De La Cedeao :Convergence Nominale Versus Variabilite Relative Des Prix: Inflation And Common Currency Goal In Ecowas :Nominal Convergence Versus ," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 56(3-4), pages 261-289.
  • Handle: RePEc:bxr:bxrceb:2013/174853
    Note: Special Issue30th Symposium on Money, Banking and FinanceGuest editors: Christian Aubin, Noëlle Duport andDaniel Goyeau
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    References listed on IDEAS

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    2. Stephanie Kremer & Alexander Bick & Dieter Nautz, 2013. "Inflation and growth: new evidence from a dynamic panel threshold analysis," Empirical Economics, Springer, vol. 44(2), pages 861-878, April.
    3. M. Angeles Caraballo & Carlos Dabus & Carlos Usabiaga, 2006. "Relative prices and inflation: new evidence from different inflationary contexts," Applied Economics, Taylor & Francis Journals, vol. 38(16), pages 1931-1944.
    4. Xavier Debrun & Paul Masson & Catherine Pattillo, 2005. "Monetary union in West Africa: who might gain, who might lose, and why?," Canadian Journal of Economics, Canadian Economics Association, vol. 38(2), pages 454-481, May.
    5. Caglayan, Mustafa & Filiztekin, Alpay, 2003. "Nonlinear impact of inflation on relative price variability," Economics Letters, Elsevier, vol. 79(2), pages 213-218, May.
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    7. Ball, Laurence, 1992. "Why does high inflation raise inflation uncertainty?," Journal of Monetary Economics, Elsevier, vol. 29(3), pages 371-388, June.
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    More about this item

    Keywords

    Inflation / Inflation; Variabilité relative des prix / Relative price stability; Unions monétaire / Monetary unions; CEDEAO / ECOWAS;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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