Ciblage du taux de change versus ciblage de l'inflation. Quelle cohérence globale pour la politique monétaire de la BCEAO ?

Soumaila Doumbia ()

Revue Tiers-Monde, 2013, vol. n°215, issue 3, 183-200

Abstract: This article examines the scope of the monetary policy of the Central Bank of West African States after the new institutional reform. The analysis of the reform documents, the speech of the President of the West African Economic and Monetary Union (WAEMU) and the interview of the former Central Bank Governor show that reform, in many ways, incorporates several aspects of inflation targeting. Adopting such a strategy raises questions about maintaining exchange rate targeting. It has several implications, particularly the feasibility of the double anchorage of monetary policy and its whole consistency in this context.

Keywords: Monetary policy; inflation targeting; exchange rate targeting; Central Bank of WestAfrican States; WAEMU (search for similar items in EconPapers)
Date: 2013
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