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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Does Monetary Policy Have an Impact on GDP Growth?

Does Monetary Policy Have an Impact on GDP Growth?

Fouda Ekobena, Simon Yannick

Paperback

Business General

ISBN10: 6630465318
ISBN13: 9786630465310
Publisher: Our Knowledge Publishing
Published: Oct 1 2026
Pages: 92
Weight: 0.30
Height: 0.22 Width: 6.00 Depth: 9.00
Language: English
The economic literature highlights an ongoing debate regarding the impact of monetary policy on economic activity. In the early 1990s, the monetary policies of CEMAC countries underwent significant reforms aimed at making them more flexible and effective. This study aims to determine the impact of monetary policy on economic growth in the CEMAC region. To account for the country-specific and time-specific characteristics of growth patterns, we use the generalized method of moments in a dynamic panel analysis to examine the impact of monetary shocks on economic growth. In general, the results show that monetary policy focused on the role played by nominal money and credit aggregates does not influence economic growth in the CEMAC zone; we also note that inflation has a negative effect on economic growth. These results highlight the adverse effects of excess bank liquidity on the transmission of monetary policy shocks, as well as the constraints associated with the CFA franc's peg to the euro.

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