We examine the economic rationale for monetary union(s) in Sub-Saharan Africa through the use of cluster analysis on a sample of 17 countries. The variables used stem from the theory of optimum currency areas and from the fear-of-floating literature. It is found that the existing CFA franc zone...

In this paper, we contribute to the literature on the determinants of foreign direct investment in developing countries and re-evaluate the role of the quality of institutions on FDI independently of the general level of development. We implement cross-section estimations based on a newly...

[eng] This paper presents a dynamic stochastic general equilibrium (DSGE) model of the French economy in the euro zone. The model is partly estimated with Bayesian techniques for nominal and real rigidity parameters. It seeks to assess the impact of tax reforms on the French economy, allowing...