The originality of this paper is to provide the first analysis of the money multiplier in CEMAC zone. The money and its evolution is connected to the macroeconomic, monetary and financial situation. We have found that the money supply and the monetary base are linked in the long run in all the...

Given a monetary Union which is heterogeneous at the level of labour market flexibility, this paper investigates the effects in terms of macroeconomic stabilization of the different degrees of fiscal coordination between governments. We use a static Keynesian model within a closed monetary Union...