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Short-term supply responde to a devaluation : a model's implications for primary commodity-exporting developing countries (English)

The authors evaluate whether, in the short run, a devaluation could be contractionary in developing countries that export primary commodities. To do so, they use a model capturing the principal features of those economies. ... See More +

Policy Research Working Paper WPS1428 FEB 28, 1995

Boccara, Bruno; Nsengiyumva, Fabien

Why higher fiscal spending persists when a boom in primary commodities ends (English)

The author analyzes the fiscal policy of primary commodity exporters. After the initial boom in fiscal spending that accompanies a commodity boom, he asks, why do commodity-exporting countries tend to maintain higher spending levels despite a drop in commodity prices. ... See More +

Policy Research Working Paper WPS1295 APR 30, 1994

Boccara, Bruno; DEC

Determinants of inflation among franc zone countries in Africa (English)

Despite belonging to a monetary union with a common currency and pooled foreign reserves, the countries of Africa's franc zone (CFA) experience substantially different inflation rates, especially in the short run. ... See More +

Policy Research Working Paper WPS1197 SEP 30, 1993

Boccara, Bruno; Devarajan, Shantayanan