How Does Monetary Policy Affect the Poor?: Evidence from the West African Economic and Monetary Union

David Fielding

No RP2004-02, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The West African Economic and Monetary Union (UEMOA) has a history of monetary stability and low inflation. Nevertheless, there is substantial variation in relative prices within some UEMOA countries, in particular in the price of food relative to other elements of the retail price index (IHPC). Using monthly time-series data for cities within the region, we analyze the impact of changes in monetary policy instruments on the relative prices of components of the IHPC. We are then able to explore how the burden of monetary policy innovations is likely to be shared between the rich and poor.

Keywords: Economic integration; Economic policy; International economic relations; Monetary policy; Poverty (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (7)

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Journal Article: How Does Monetary Policy Affect the Poor? Evidence from the West African Economic and Monetary Union (2004)
Working Paper: How Does Monetary Policy Affect the Poor? Evidence from the West African Economic and Monetary Union (2003)
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