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.
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