Segmenting monetary variability: an application to the Franc Zone

Coleman, S and Karoglou, M, 2010. Segmenting monetary variability: an application to the Franc Zone. Economic Issues, 15 (2), pp. 17-48.

Preview

Text 205196_7352 Coleman Publisher.pdf Download (2MB) | Preview

Abstract

Failure to detect or account for structural changes in economic modelling can lead to misleading policy inferences, which can be perilous, especially for the more fragile economies of developing countries. Using three potential monetary policy instruments (Money Base, MO, and Reserve Money) for 13 member-states of the CFA Franc zone over the period 1989:11-2002:09, we investigate the magnitude of information extracted by employing data-driven techniques when analyzing breaks in time-series, rather than the simplifying practice of imposing policy implementation dates as break dates. The paper also tests Granger's (1980) aggregation theory and highlights some policy implications of the results.

Item Type:	Journal article
Publication Title:	Economic Issues
Creators:	Coleman, S. and Karoglou, M.
Publisher:	Economic Issues Education Fund
Date:	2010
Volume:	15
Number:	2
Divisions:	Schools > Nottingham Business School
Record created by:	EPrints Services
Date Added:	09 Oct 2015 11:17
Last Modified:	19 Oct 2015 14:44
URI:	https://irep.ntu.ac.uk/id/eprint/25674

Actions (login required)

Edit View

Statistics

Views

Downloads