Series: IMF Working Papers
Author(s): Gaston Mpatswe , Sampawende Tapsoba , and Robert York
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
Keywords: fiscal procyclicality, monetary union, expenditure, public expenditure, fiscal policies, government spending, Business Fluctuations, And Cycles, macroeconomic - Aspects Of Public Finance, Macroeconomic Policy
This paper examines fiscal cyclicality in the CEMAC region during 1980-2008. The issue has attracted very little empirical interest but is important if fiscal policies are to play a role in mitigating external shoc...