Monetary and fiscal policy in the transition to EMU: what do SVAR models tell us?

Monetary autonomy in the West African co

Monetary autonomy in the West African countries: What do the policy rules tell us?

✍ Gilles Dufrénot 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 159 KB

## Abstract This paper provides an empirical assessment about how the monetary policy has been made in a group of Sub‐Saharan African countries that are members of the CFA Franc zone. We question the argument that being a member of the CFA zone has always implied the loss of monetary policy autonom