Abstract

The objective of this paper is to assess the effect of institutional governance on the relationship between the reaction of monetary authorities when the economy faces a shock and economic growth in the countries of the Sub- Saharan Africa. To achieve this, econometric estimates were made using the Generalized Moment Method (MMG) in a dynamic panel of 36 countries in the zone over the period from 2000 to 2018. The results obtained show that monetary policy as a policy macroeconomic is not a tool for stabilizing economic activity. This low level of democracy in these countries therefore has the effect of amplifying this pro-cyclical behavior of monetary policy. Governments genuinely infer in the implementation of monetary policies, thereby causing this pro-cyclical bias.

How to Cite
KUINDJA RODRIGUE, Nana. Cyclicyte De La Politique Monetaire Et Croissance Economique En Afrique Sub-Saharienne : Le Role De La Gouvernance Des Institutions. Global Journal of Management And Business Research, [S.l.], july 2020. ISSN 2249-4588. Available at: <https://journalofbusiness.org/index.php/GJMBR/article/view/3182>. Date accessed: 06 mar. 2021.