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Politiques macroéconomiques et stabilisation des chocs dans la zone UEMOA

Author

Listed:
  • Cheikh Tidiane Ndiaye

    (LEO - Laboratoire d'Économie d'Orleans [UMR7322] - UO - Université d'Orléans - UT - Université de Tours - CNRS - Centre National de la Recherche Scientifique)

  • Mamadou Abdoulaye Konte

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

Abstract

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.

Suggested Citation

  • Cheikh Tidiane Ndiaye & Mamadou Abdoulaye Konte, 2012. "Politiques macroéconomiques et stabilisation des chocs dans la zone UEMOA," Working Papers halshs-00830595, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00830595
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00830595
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    Keywords

    Chocs; Stabilisation; Politique Monétaire; Politique Budgétaire;
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