Read e-book online Cyclical Behavior of Fiscal Policy among Sub-Saharan African PDF

By Tetsuya Konuki,Mauricio Villafuerte,International Monetary Fund

ISBN-10: 1513563548

ISBN-13: 9781513563541

Excessively procyclical economic coverage might be destructive. This paper investigates to what quantity the economic rules of sub-Saharan African international locations have been procyclical in recent times and the explanations for the measure of economic procyclicality between those nations. It unearths tendency for procyclical economic coverage was once fairly said between oil exporters and after the worldwide monetary hindrance. It additionally unearths a statistically major causal hyperlink operating from deeper monetary markets and better reserves insurance to reduce financial coverage procyclicality. financial ideas supported through powerful political dedication and associations appear to be key to facilitating growth for deeper monetary markets and more advantageous reserves coverage.

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Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries (Departmental Papers/Policy Papers) by Tetsuya Konuki,Mauricio Villafuerte,International Monetary Fund


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