Y a-t-il optimalité des conditions monétaires actuelles ? Une perspective sous-régionale[Optimality of monetary conditions under Covid-19: a sub regional perspective]

The African Regional outlook of April 2021 principally means that his economies need to be emulate for example by the accessibility on basic infrastructure as vaccine permits in the case of the covax initiative to immunize his population against the prospects lied under the coronavirus crisis. In the well known economic manual textbook the main channel beside an emulating policy is to place and thus give emphasis to price stability. Considering the subs regional case of economic and Monetary community countries namely CEMAC this emphasis is relevant as the definition and consideration give to this area as a Monetary union. Thus the relevance of the present study to assert on monetary conditions optimality under the main framework of the contemporaneous crisis that gives thanks to the prospects of emulating countries as the main prospects and scenario place in the The African Regional outlook of April 2021. In fact, the scenario of need for emulation is revealed by the outlook on the subsequent year of the contemporaneous crisis by the mainstream that of recovering economic prosperity. Globally Speaking the Obtained Results confirmed well the view that the sub regional case is a convenient baseline to assess on monetary conditions optimality by the way of engine or instrument as Taylor Rule (Taylor 1993) consider most of an one suitable to empirically know the weight and consideration that give the Monetary Authority on consideration and prospects on emulating activity by the species as Monetary instruments as the instrumentation of the economy with indirect monetary instrument as the central bank rate’s of refinancing economies.