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has been cited by the following article:

• TITLE: Liquidity Trap in Developing Economy: The Case of CEMAC

  AUTHORS: Nkoulou Nkoulou Jean Louis

  KEYWORDS: Asymmetric Shocks, Zero Inflation, Monetary Union, Adjustment Policy, International Balance, Economic Coordination, Cemac (Economic Community of Central African States)

  JOURNAL NAME: Open Journal of Business and Management, Vol.9 No.6, November 26, 2021

  ABSTRACT: In the countries in transition, and more specifically those in the Cemac zone, the economies seem to present symptoms of a liquidity trap in recent years, as evidenced by sluggish economic growth, high unemployment and low demand. On the basis of hypotheses derived from a theoretical model, an empirical estimate was used. The results of the model indicate that this phenomenon exists in the Cemac area and that monetary policy is ineffective, and therefore its treatment can only be envisaged through innovative fiscal stabilisation and recovery policies aimed at boosting the private sector, on the one hand, and promote a participatory public policy materialized by the implementation of a decentralization of economic power to actors of civil society, the sector and local elected officials. Such a reform would aim to improve the effectiveness of public policies in a context of uncertainty and poverty.