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

页码：707 / 724

页数：18

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