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Cyclical behavior of fiscal policy among sub-Saharan African countries

Paperback
Published : Thursday 30 March 2017
ISBN : 9781513563541
Price : €25.68


Description

Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of fiscal procyclicality among these countries. It finds that a tendency for procyclical fiscal policy was particularly pronounced among oil exporters and after the global financial crisis.



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