Showing 31 - 40 of 125
The aim of this work was to estimate a DSGE-SOE model for the DR Congo by referring to the Bayesian techniques for the quarterly data from 2002q1 to 2016q4 in order to analyze the relations between the main macroeconomic variables and to simulate the " impact of some major shocks on their...
Persistent link: https://www.econbiz.de/10015257435
The excess of banks liquidity in the CEMAC zone, following the banking restructuring, brought the monetary authorities to undertake a certain number of reforms. The object of this article is, besides the determination of the explanatory factors of the excess of banks liquidity, to appreciate the...
Persistent link: https://www.econbiz.de/10015265127
The objective of this paper is the estimation of the Cenral Bank of Morocco reaction function. Several specifications were tested to finaly retain a dynamic forwad looking rule estimated by the method of generalized moments and considering imported inflation.
Persistent link: https://www.econbiz.de/10015266206
Francophone Africa has been dominated to date by the political, economic and cultural repercussions of France’s colonial rule. A major instrument to assert France's interests was the upkeep of a common monetary policy and currency, the CFA Franc. Although this has been increasingly resented by...
Persistent link: https://www.econbiz.de/10015267354
While the recent resurgence of inflation all around the world not coming from monetary policies actions and that following the some analysts this increasing trend in prices with no longer reach the mong term nevertheless he becomes of interest to assess the place of central banks facing to this...
Persistent link: https://www.econbiz.de/10015267678
The objective of this paper is to determine the relative importance of aggregate demand and aggregate supply shocks to fluctuations of real growth in CEMAC. The factual analysis of growth in the subregion over the last 20 years shows a dependence on oil prices whose e!ects on growth are...
Persistent link: https://www.econbiz.de/10015269506
The objective of this reflection is to assess the effects of the current crisis on the Cameroonian economy faced with five shocks : (i) an epidemiological shock, (ii) a supply shock (iii) an internal demand shock, (iv) an oil shock, (v) a foreign demand shock. The joint occurrence of these...
Persistent link: https://www.econbiz.de/10015269507
The originality of this paper is to provide the first analysis of the money multiplier in CEMAC zone. The money and its evolution is connected to the macroeconomic, monetary and financial situation. We have found that the money supply and the monetary base are linked in the long run in all the...
Persistent link: https://www.econbiz.de/10015269550
We attempt to draw together monetary and fiscal policy making theory and the cointegrated VAR econometric methodology. Kirsanova at al(2005) have provided theory on the design of optimal monetary and fiscal policies, but estimation of monetary policy arrangements has suffered from many salient...
Persistent link: https://www.econbiz.de/10015236581
To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10015237001