, the effectiveness of its monetary policy remains low, with a weak reaction of market interest rates and inflation to BCEAO …

, France increases its aid, thereby acting as a shock absorber. However, it also finds that the zone displays strong … regional integration of any group of developing countries. France, the anchor country, provides aid to support the zone. This … overall performance of the zone over the period 1960-2004. The analysis reveals that when the zone is hit by a negative shock …

line with their long-run equilibrium values; and (iii) following a shock, reversion to equilibrium is twice as fast in …

The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role … for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integration with the global economy …, changes in the policy frameworks, among others, in the last decade suggest that the drivers of inflation may have changed. We …

percent of the initial income shock. Each member of the currency union could benefit as well, although the extent of shock …

This paper seeks to elucidate the debate over currency union in Africa. The paper examines whether empirical … investigation points to the gradual emergence of currency blocs. Based on the historical data on inflation, trade, and the … comovements of prices and outputs, I argue that the emergence of large-scale currency blocs in Africa will follow a gradual path …

This paper analyzes the behavior of current account deficits in Africa and estimates whether the deficits are excessive …

This paper analyzes the interlinkages between climate shocks, domestic conflicts, and policy resilience in Africa. It …