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Title:Modelling macroeconomic linkages in a monetary union: A West African example PDF Logo
Authors:Fielding, David
Lee, Kevin
Shields, Kalvinder
Issue Date:2004
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2004/22
Abstract:We construct a structural macroeconometric model for member states of the West African Economic and Monetary Union. Fitting this model to annual and quarterly time series data allows us to identify the channels through which macroeconomic innovation in one country impact on other countries in the union. We also discover the extent of heterogeneity across the member states in terms of the degree of similarity of macroeconomic transmission mechanisms. This is one important element in measuring the costs of union membership for each country.
Subjects:West African Monetary Union
structural VAR
JEL:F15
F33
ISBN:9291906018
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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