%0 Journal Article
%A Mohamed, Abdoulaye Aboubacari
%A de Araujo, Jevuks Matheus
%A García-Cintado, Alejandro
%T Navigating post-Covid-19 economic recovery in WAEMU: A DSGE approach
%D 2024
%U https://hdl.handle.net/10433/25027
%X This paper evaluates the effectiveness of economic policies implemented by fiscal and monetary authorities against the Covid-19 pandemic in the West African Economic and Monetary Union (WAEMU). To that end, we employ a medium-scale DSGE model that regards WAEMU as a closed system, made up of a continuum of small open economies. Our simulations reveal that, while an ample battery of fiscal and monetary measures was deployed to counter the challenges posed by Covid-19 and support economic recovery, fiscal policy interventions proved more effective in the short run. Fiscal measures mitigated the pandemic’s economic fallout across all households, providing immediate relief and promoting a swift rebound.
%K Fiscal policy
%K Monetary policy
%K Covid-19
%K Economic recovery
%K DSGE model
%K WAEMU
%~