Monetary Policy and Macroeconomic Stability in the CEMAC zone (Paperback)

The purpose of this study is to analyze the effects of monetary policy on macroeconomic stability in the CEMAC zone. The analysis was conducted on a panel using a hypothetico-deductive approach and secondary data sources from the World Bank (2020) and the BEAC, over a period from 2010 to 2019. Using the ordinary least squares method in time series, we find that monetary policy has a mixed effect on macroeconomic stability in the CEMAC zone. Thus, monetary policy is designed to ensure macroeconomic stability in the sub-region, which is explained by the economy remaining on its potential growth path.