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Fiscal rules and the pro-cyclicality of public investment in the West African economic and monetary union (English)

Abstract

Evidence from a large panel of low-income and lower middle-income countries over the period 1995-2012 suggests that, contrary to other countries, public investment in the West African Economic and Monetary Union (WAEMU) has been pro-cyclical. Public investment... See More +

Details

  • Dessus, Sebastien; Diaz Sanchez, Jose Luis; Varoudakis, Aristomene;
  • 2013/08/01
  • Policy Research Working Paper
  • WPS6562
  • 1 of 1
  • Western Africa
  • Africa
  • 2013/08/01
  • Fiscal rules and the pro-cyclicality of public investment in the West African economic and monetary union
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