The outbreak of COVID-19 pandemic presents an unprecedented and synchronized disruption of the economies of the West African Monetary Zone (WAMZ). This study uses the Conditional Fan Chart based on Vector Error Correction Model (VECM) to forecast the effects of the pandemic on three key...

This paper provides new insights about the existence of expansionary fiscal consolidations in the Economic and Monetary Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing fiscal consolidations based on the changes in the...

With the spectre of the Euro crisis hunting embryonic monetary unions, we use a dynamic model of a small open economy to analyze REERs imbalances and examine whether the movements in the aggregate real exchange rates are consistent with the underlying macroeconomic fundamentals in the proposed...