Navigating post-Covid-19 economic recovery in WAEMU: A DSGE approach

被引：1
|
作者：
Mohamed, Abdoulaye Aboubacari [1 ]
de Araujo, Jevuks Matheus [1 ]
Cintado, Alejandro C. Garcia [2 ]
机构：
[1] Fed Univ Paraiba UFPB, Mamanguape, Brazil
[2] Pablo de Olavide Univ UPO, Seville, Spain
来源：
ECONOMIC ANALYSIS AND POLICY | 2024年 / 84卷
关键词：
Fiscal policy; Monetary policy; Covid-19; Economic recovery; DSGE model; WAEMU; LOW-INCOME COUNTRIES; MONETARY-POLICY; TRANSMISSION; SHOCKS; RULES; RATES;
D O I：
10.1016/j.eap.2024.08.031
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper evaluates the effectiveness of economic policies implemented by fiscal and monetary authorities against the Covid-19 pandemic in the West African Economic and Monetary Union (WAEMU). To that end, we employ a medium-scale DSGE model that regards WAEMU as closed system, made up of a continuum of small open economies. Our simulations reveal that, while an ample battery of fiscal and monetary measures was deployed to counter the challenges posed by Covid-19 and support economic recovery, fiscal policy interventions proved more effective in the short run. Fiscal measures mitigated the pandemic's economic fallout across all households, providing immediate relief and promoting a swift rebound.
引用
收藏
页码：707 / 724
页数：18
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