Alors que des études antérieures ont exploré la relation entre l'inflation et la croissance économique, la littérature existante sur l'effet de seuil de l'inflation sur la croissance économique dans la Zone Monétaire de l'Afrique de l'Ouest (ZMAO) suppose principalement une association...

This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the WAMZ over the period 1996-2021. Although there is large empirical literature on this subject, however, previous studies on the WAMZ economies generally focused on exogenous approaches of...

While previous studies have explored the relationship between inflation and economic growth, the existing literature on threshold effect of inflation on economic growth in the West African Monetary Zone (WAMZ) predominantly assumes a linear association, neglecting the possibility of...

Alors que des études antérieures ont exploré la relation entre l'inflation et la croissance économique, la littérature existante sur l'effet de seuil de l'inflation sur la croissance économique dans la Zone Monétaire de l'Afrique de l'Ouest (ZMAO) suppose principalement une association...

At a time of rising cost of living, wide wage inequalities and widespread in-work poverty, the demand for a living wage has heightened. The concept of a “living wage” has some limitations, including that it is operationalised in a variety of ways. This variety may serve the purpose of making...

At a time of rising cost of living, wide wage inequalities and widespread in-work poverty, the demand for a living wage has heightened. This Policy Insights introduces and contextualises the concept of a living wage. It also highlights the key measurement assumptions and criteria that underlie...

Inflation indices – such as the national Consumer Price Indices (CPI) and the EU Harmonised Indices of Consumer Prices (HICP) – measure price changes for the overall economy, which may not reflect the inflation experience of an individual household or group of households. This paper...

This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe (CEE). Our results indicate that the strength of the exchange rate pass-through substantially declined over time mainly due to a fall in...

The inflation measure used by the European Central Bank excludes housing costs that are borne by home owners even though they make up more than a tenth of household final consumption expenditure in the euro area. Has the exclusion of owner-occupied housing costs driven a wedge between the...

Central banks have responded with exceptional vigour to the crisis by using their traditional interest-rate tools to their limits and deploying a wide range of unconventional measures. This paper documents these responses in a systematic way, reviews the evidence about their impact, and...