Co-mouvement d'activité dans l'UEMOA: une approche par les corrélations dynamiques

Gammadigbé, Vigninou (2012): Co-mouvement d'activité dans l'UEMOA: une approche par les corrélations dynamiques.

Abstract

This paper brings a new lighting on the synchronization of the business cycles in the WAEMU countries. The study applies the concept of dynamic correlation to the analysis of the activity co-movement of the union. The results show the low level of synchronization of the business cycles, which makes difficult the implementation of a common monetary policy that will be advantageous to all the countries. These results lead to policy recommendations.

• Item Type: MPRA Paper
• English Title: Activity co-movement in WAEMU countries: an approach based on dynamic correlation
• Language: French
• Keywords: Co-mouvement d'activité, Cycle économique, Analyse spectrale, Corrélation dynamique, UEMOA
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes

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