International Journal of Economics & Management Sciences

Nahoussé Diabate

Publications

• Research Article
  Is the Monetary Policy of the WAEMU Credible? An Empirical Analysis Based on the Rule Forward Looking
  Author(s): Nahoussé DiabateNahoussé Diabate
  
  This study aims at making available to the Central Bank of West African States (BCEAO) authorities an additional decision tool that would enhance their transparency and credibility. Therefore the Taylor rule, which connects the level of short term interest rates in output gap and the gap between the rate of inflation and the inflation target the mass money was introduced, net foreign assets and a dummy variable to capture the effects of the 1994 devaluation of the generalized method of moments (GMM) particularly suitable in the context of "Forward looking rules" is used here. The results obtained from annual data (1985-2014) shows that the estimated rule does not pretty much describe the behavior of money market rates over the period. Moreover, it seems that Central Bank of West African States (BCEAO) gives more and more weight to support the act.. Read More»
  

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