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. It also finds a statistically significant causal link running from deeper f...
You can specify the type of files you want, for your gadget.Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries (Departmental Papers/Policy Papers) | Tetsuya Konuki, Mauricio Villafuerte. A good, fresh read, highly recommended.
