INTERACTIONS ENTRE POLITIQUES MONETAIRE ET BUDGETAIRES DANS LES PAYS DE ZONE CFA
INTERACTIONS BETWEEN MONETARY AND FISCAL POLICY IN COUNTRY OF CFA ZONE

Summary/Abstract: With the renewal attention relate to the economic performances and economic integration in the economies of the developing countries, specifically in the CFA zone, the fundamental questions like the interaction between the monetary and budgetary policies resulting from a monetary area and the transmission of the asymmetrical shocks coming from outside constitute focal points on which the macroeconomic policies are centered. The results of the interactions modeling between monetary and budgetary spheres highlight the sensitivity of two zones UEMOA and CEMAC to the macroeconomic shocks. The fiscal policy appears as a substitute to the monetary policy in the UEMOA whereas it is complementary to the monetary policy in the CEMAC. The monetary policy in general complies as a Taylor rule in the two zones.

• Details
• Contents