The West African Monetary Zone (WAMZ)'s economy has faced persistent fiscal deficits over the years, and this has affected other macroeconomic indicators like inflation. This study empirically examines the effect of fiscal deficit on inflation dynamics in the WAMZ. It employs the Panel Smooth...

This study examines the impact of infrastructure development on intra-WAMZ trade, with a comparative assessment of the effects of different infrastructure categories on trade flows among member states. A modified gravity model, employing the Poisson pseudo-maximum likelihood (PPML) estimation...

Climate change poses severe risks to developing economies, particularly those in the West African Monetary Zone (WAMZ), where agriculture and climate-sensitive sectors drive growth. Rising temperatures, erratic rainfall, and extreme weather events increasingly disrupt output, fuel inflation, and...

This study provides country-specific empirical evidence on the optimal exchange rate passthrough to inflation in the WAMZ for the 1980-2023 period. Although there is a large empirical literature on this subject, previous studies have primarily focused on linear approaches to determining optimal...

This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the ECOWAS (WAEMU and WAMZ) region from 1996-2022. Although there is large empirical literature on this subject, however, previous studies generally focused on exogenous approaches of determining...

The study analysed the macroeconomic developments in the West African Monetary Zone (WAMZ), focusing on macroeconomic imbalances for the period 2001-2022. The variables of interest in this study include inflation rate, real Gross Domestic Product (GDP) growth rate, current account balance,...

This study presents novel empirical evidence on the optimal disaggregated public debt-growth threshold in the WAMZ over the period 1996-2022. Determining the public debt-growth threshold in a disaggregated form is crucial for macroeconomic policy measures in the region to curb high public debt...

This study estimates the rate and distance to convergence of WAMZ Member States and provides a comparative analysis of nominal and real convergence to evaluate WAMZ's preparedness for monetary integration. We employ monthly data on the consumer price index and nominal exchange rate from January...

This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the WAMZ over the period 1996-2021. Although there is large empirical literature on this subject, however, previous studies on the WAMZ economies generally focused on exogenous approaches of...

While previous studies have explored the relationship between inflation and economic growth, the existing literature on threshold effect of inflation on economic growth in the West African Monetary Zone (WAMZ) predominantly assumes a linear association, neglecting the possibility of...