Go to AfricaBib home

Go to AfricaBib home Africana Periodical Literature Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The Characteristics of Macroeconomic Shocks in the CFA Franc Zone
Authors:Fielding, DavidISNI
Lee, Kevin
Shields, KalvinderISNI
Year:2004
Periodical:Journal of African Economies
Volume:13
Issue:4
Period:December
Pages:488-517
Language:English
Geographic term:French-speaking Africa
Subjects:franc zone
inflation
gross national product
Economics and Trade
External link:https://jae.oxfordjournals.org/content/13/4/488.full.pdf
Abstract:In this paper the authors fit a vector error correction model (VECM) in output and prices to data from 10 countries of the CFA franc zone: Burkina Faso, Côte d'Ivoire, Mali, Senegal, Togo, Cameroon, Central African Republic, Congo, Gabon and Chad. This model allows for various cross-country interactions in both the short run and the long run. The VECM parameters are used to estimate persistence profiles of different kinds, in order to identify the degree of homogeneity in the way in which the countries respond to macroeconomic shocks. In this way light can be shed on questions about the likely size of the costs incurred from these countries' membership of a monetary union. Bibliogr., notes, sum. [Journal abstract]
Cover