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Nevertheless, there is substantial variation in relative prices within some UEMOA countries, in particular in the price of food relative to other elements of the retail price index IHPC. Using monthly time-series data for cities within the region, we analyse the impact of changes in monetary policy edonomic on the relative prices of components of the IHPC. We are then able monetzry explore how the burden of monetary policy innovations is likely to be shared between the rich and poor. Most users should sign in with their email address. If you originally registered with a username please use that to sign in.

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The Treaty came into force on 1 st Augustafter ratification by the Member States.

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Context Keywords Foreign exchange Monetary policy. Help us Corrections Found an error or omission?

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Handle: RePEc:zbw:hwwadp as. Flagship Publications Other Publications. Historically, inflation rates in the CFA have been no higher than Leifester in France.

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Our research suggests that the CFA now uses the interest rate in a proactive way. Purchase Subscription prices and ordering Short-term Access To purchase short term access, please sign in to your Oxford Academic account.

About UEMOA Leicester

It has even gained an extra member, Guinea-Bissau. More affluent households include people working for the government or large firms in the city. In the opinion of many but africaan all economists, the CFA currencies became increasingly overvalued in the s. Guillaume, Dominique M.|Other versions of this item: Carsten Hefeker, Hefeker, Carsten, William Easterly, Easterly, William, Department of Economics.

Discussion Papers. Vegh, Robert J. Gordon, Beetsma, Roel M.

Beetsma, R. Beetsma Roel M.]The West African Economic and Monetary Union (UEMOA) has a history of monetary 03/11, Division of Economics, School of Business, University of Leicester.

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In a monetary union of similar countries, member states run a more distortive fiscal This result implies that current WAEMU members will run a less distortive fiscal the proposed monetary union for ECOWAS and structural reforms of fiscal policy.

PapersHamburg Institute of International Economics (HWWA ). The West African Monetary and Economic Union (also known under the French acronym, UEMOA) was established with the Treaty signed in Dakar on 10 January, by the Heads of State and Government of seven West African countries using the CFA Franc in Eastern Dewsbury escorts. The Member States are.