The study investigates the effect of changes in the exchange rate on output growth and inflation in the WAMZ economies …, inflation, exchange rate depreciation/ appreciation and money supply growth. Employing quarterly data series for the period 1981 … autoregressive (VAR) model to estimate the impulse response functions and variance decompositions for inflation and output in order …

reveal some evidence of convergence in exchange rates, especially for Guinea and Liberia. For inflation, there is no evidence …

inflation and GDP growth might have been slightly higher if Sweden had been a member of EMU since the launch in 1999, but also …