English, Article, Journal or magazine article edition: Term of Trade Shocks in a Monetary Union: an Application to West-Africa Loic Batte; Agnes Benassy-Quere; Benjamin Carton; ...

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/158871
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Term of Trade Shocks in a Monetary Union: an Application to West-Africa
Author
  • Loic Batte
  • Agnes Benassy-Quere
  • Benjamin Carton
  • Gilles Dufrenot
Physical Description
  • preprint
Notes
  • We propose a two-country DSGE model of the Dutch disease in a monetary union, calibrated on Nigeria and WAEMU. Three monetary regimes are successively studied at the union level: a flexible exchange rate with constant money supply, a flexible exchange rate with an accommodating monetary policy, and a fixed exchange rate regime. We find that, in the face of oil shocks, the most stabilizing regime for Nigeria is a fixed money supply whereas it is a fixed exchange rate for WAEMU. However, the introduction of an oil stabilization fund can reduce the disagreement on the common policy rule. Furthermore, the two zones may agree on a fixed money-supply rule in the face of both oil and agricultural price shocks.
  • Dutch disease; DSGE; monetary union; optimal monetary policy
  • RePEc:cii:cepidt:2009-07
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment