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The loss of export competitiveness recorded by the WAEMU zone in recent years has prompted studies on the quantification and implication of the degree of misalignment of the exchange rate on economic growth. Little research has, however, been interested by the impact of the degree of...
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common central bank are also substantial. Coordinating monetary and fiscal policies after a symmetric supply shock is also … shown to be sufficient to cancel the costs emerging from the pact, but it is not after a demand shock. …
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