Fiscal Reaction Functions in the CFA Zone : An Analytical Perspective /
The stance of fiscal policy in CEMAC and WAEMU is strongly influenced by fiscal effort in the previous period. This persistence underscores the risks of a procyclical fiscal policy stance, given these countries' high degree of dependence on primary commodities and exposure to terms of trade sho...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2007.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2007/232 |
| Dostęp online: | Full text available on IMF |