Selected Issues Papers

Model-Driven Macrofinancial Policy Analysis in the WAEMU: WAEMU

By Knarik Ayvazyan

June 6, 2025

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Format: Chicago

Knarik Ayvazyan. "Model-Driven Macrofinancial Policy Analysis in the WAEMU: WAEMU", Selected Issues Papers 2025, 073 (2025), accessed June 12, 2025, https://doi.org/10.5089/9798229012928.018

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Summary

This quantitative model for Macrofinancial Policy Analysis for the WAEMU was developed to deepen the Fund’s engagement in macrofinancial surveillance in the region. By analyzing unobserved credit cycle dynamics and risks, and emphasizing macrofinancial linkages, the model helps assess the consistency between real and credit cycles, build alternative scenarios, offers medium-term macroeconomic projections, and support macrofinancial policy analysis.

Subject: Business cycles, Capital adequacy requirements, Countercyclical capital buffers, Credit, Credit cycles, Credit gaps, Economic growth, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Macrofinancial analysis, Macroprudential policy, Money, Output gap, Production

Keywords: Business cycles, Capital adequacy requirements, Capital Ratio, Countercyclical capital buffers, Credit, Credit Cycle, Credit cycles, Credit gaps, Financial sector stability, Forecasting and Simulations, IMF lending, Inflation, Macrofinancial analysis, Macrofinancial linkages, Macrofinancial Linkages, Macroprudential policy, Macroprudential Policy, Monetary Policy, Output gap, WAEMU

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