Narrow search
Showing 1 - 10 of 8,744
Cover Image
Does Money Matter in Africa? New Empirics on Long- and Short-run Effects of Monetary Policy on Output and Prices
Asongu, Simplice A. - 2013
financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach - VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …
Persistent link: https://www.econbiz.de/10011390827
Cover Image
How would monetary policy matter in the proposed African monetary unions? Evidence from output and prices
Asongu, Simplice A. - 2013
-run nor in the long-term and; (2) with the exception of financial size that impacts inflation in the EAMZ in the short …
Persistent link: https://www.econbiz.de/10011390837
Cover Image
New Empirics of monetary policy dynamics: evidence from the CFA franc zones
Asongu, Simplice A. - 2013
management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …
Persistent link: https://www.econbiz.de/10011390838
Cover Image
Labour Market Asymmetries in a Monetary Union
Andersen, Torben M.; Seneca, Martin - 2007
This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...
Persistent link: https://www.econbiz.de/10010260574
Cover Image
Die UEMOA und die CFA-Zone: Eine neue Kooperations-Kultur im frankophonen Afrika?
Kohnert, Dirk - In: Regionale Integration – Neue Dynamiken in Afrika, …, (pp. 115-136). 2005
The WAEMU and the Franc CFA-Zone: A new culture of co-operation in Francophone Africa? The CFA-zone is basically … Central Africa (EMCCA/CEMAC). The growing structural divergences between UEMOA and CEMAC have been intensified by the recent … integration in Africa. Yet, neither of these sub-zones meets the classical criteria of the Optimum Currency Area (OCA). In …
Persistent link: https://www.econbiz.de/10011331403
Cover Image
Inflationary performance in a monetary union with large wage setters
Cavallari, Lilia - 2001
Building on a micro-founded model of a two region-world economy in the tradition of the new open economy literature, this paper analyses the strategic interaction of large wage-setters and the central bank when switching from a regime of uncoordinated national monetary policies to a monetary...
Persistent link: https://www.econbiz.de/10010301226
Cover Image
National prices and wage setting in a currency union
Sánchez, Marcelo - 2009
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10011605104
Cover Image
Monetary and Fiscal Policy in a Large Asymmetric Monetary Union - A Dynamic Three-Country Analysis
Clausen, Volker; Wohltmann, Hans-Werner - 2005
This paper analyzes the dynamic effects of anticipated monetary and fiscal policies in a large monetary union, which is characterized by asymmetric interest rate transmission. We explicitly solve the asymmetric three-country model using the decomposition methods of Aoki (1981) and Fukuda (1993)....
Persistent link: https://www.econbiz.de/10010296252
Cover Image
Dynamische Effekte der Geld-und Fiskalpolitik in einem asymmetrischen Drei-Länder-Modell mit einer Währungsunion
Wohltmann, Hans-Werner - 2005
In diesem Beitrag werden die intertemporalen Wirkungen von antizipierten geld- und fiskalpolitischen Maßnahmen im Rahmen eines asymmetrischen Drei-Länder-Modells vom Mundell-Fleming-Phillips-Typ mit rationalen Preis- und Wechselkursänderungserwartungen charakterisiert. Zwei der drei großen...
Persistent link: https://www.econbiz.de/10010296253
Cover Image
Labour market asymmetries in a monetary union
Andersen, Torben M.; Seneca, Martin - 2008
This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...
Persistent link: https://www.econbiz.de/10010323747