Exchange Rates and Inflation Rates Convergence in ECOWAS
نویسندگان
چکیده
The objective of this study is to see, among ECOWAS countries, if the difference between fixed exchange rate regime WAEMU countries on one hand and flexible regimes WAMZ other hand, a factor non-convergence inflation rates. To do so, we have first applied Granger causality tests look at inflation; then used an differential model (IDM) identify factors convergence or rates WAMZ. Our results show that due their regimes, are subject pass-through (ERPT), unlike neighbours. Moreover, estimates reveal neither evolution output nor money supply, both sides, explain but they significantly linked in
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ژورنال
عنوان ژورنال: Modern Economy
سال: 2021
ISSN: ['2152-7245', '2152-7261']
DOI: https://doi.org/10.4236/me.2021.1212088