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Politiques macroéconomiques et stabilisation des chocs dans la zone UEMOA

  • Cheikh Tidiane Ndiaye


    (LEO - Laboratoire d'économie d'Orleans - CNRS - UO - Université d'Orléans)

  • Mamadou Abdoulaye Konte


    (GERSEG - Groupe de Recherche en Economique et de Gestion - Université Gaston Berger de Saint-Louis (Sénégal))

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    Shocks appear to be a major source of macroeconomic policy response in the WAEMU area. The purpose of this paper is to assess the resilience of such policies. We recourse to a Bayesian panel VAR which may assess in what context these shocks affect macroeconomic stabilization policies. The results suggest that national fiscal policies adjust to shocks with a very limited scope, while the monetary policy seems (relatively) more effective in terms of responding to inflation, importation rates and terms of trade shocks.

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    Paper provided by HAL in its series Working Papers with number halshs-00830595.

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    Date of creation: 23 Nov 2012
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    Handle: RePEc:hal:wpaper:halshs-00830595
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