Asymmetric Pass-through of Taxation and Deficit Financing to Inflation: Evidence from the West African Monetary Zone (WAMZ)
In this study, we deepen the understanding of the asymmetric effects of tax revenue, deficit financing, and debt servicing on inflation in the member countries (Ghana, Guinea, The Gambia, Liberia, Nigeria, and Sierra Leone) of the West African Monetary Zone (WAMZ). We employ a non-linear autoregressive distributed lag...