Fiscal divergence and monetary integration in West Africa: what to draw from Darvas et al. (2005)?
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'Fiscally undisciplined and divergent, West African countries are in transition for establishing a monetary union that must be effective by 2020 with the introduction of a single currency named “ECO”. From the economic literature, it is argued that business cycles desynchronization is counterproductive to the viability of a monetary union. In addition, in the famous paper of Darvas et al. (Fiscal divergence and business cycle synchronization: irresponsibility is idiosyncratic, 2015), it is argued that the existence of fiscal divergences among countries despite the definition of fiscal convergence criteria is counterproductive to business cycles coherence. Using a gravity model based on 2SLS strategy, the author tests this theory by analyzing the effect of the fiscal divergences among the West African countries on their business cycles sy' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["business cycles","Fiscal divergence","regional integration","single currency","West Africa"]} <|eot_id|>
 Here is the Description of a dataset. Description:'Fiscally undisciplined and divergent, West African countries are in transition for establishing a monetary union that must be effective by 2020 with the introduction of a single currency named “ECO”. From the economic literature, it is argued that business cycles desynchronization is counterproductive to the viability of a monetary union. In addition, in the famous paper of Darvas et al. (Fiscal divergence and business cycle synchronization: irresponsibility is idiosyncratic, 2015), it is argued that the existence of fiscal divergences among countries despite the definition of fiscal convergence criteria is counterproductive to business cycles coherence. Using a gravity model based on 2SLS strategy, the author tests this theory by analyzing the effect of the fiscal divergences among the West African countries on their business cycles sy' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
Fiscally undisciplined and divergent, West African countries are in transition for establishing a monetary union that must be effective by 2020 with the introduction of a single currency named “ECO”. From the economic literature, it is argued that business cycles desynchronization is counterproductive to the viability of a monetary union. In addition, in the famous paper of Darvas et al. (Fiscal divergence and business cycle synchronization: irresponsibility is idiosyncratic, 2015), it is argued that the existence of fiscal divergences among countries despite the definition of fiscal convergence criteria is counterproductive to business cycles coherence. Using a gravity model based on 2SLS strategy, the author tests this theory by analyzing the effect of the fiscal divergences among the West African countries on their business cycles sy
business cycles; Fiscal divergence; regional integration; single currency; West Africa