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dc.contributor.authorCarmignani, Fabrizio
dc.date.accessioned2017-05-03T15:41:08Z
dc.date.available2017-05-03T15:41:08Z
dc.date.issued2010
dc.date.modified2013-05-31T01:07:54Z
dc.identifier.issn0161-8938
dc.identifier.doi10.1016/j.jpolmod.2010.01.002
dc.identifier.urihttp://hdl.handle.net/10072/48313
dc.description.abstractThis paper studies the role of fiscal policy for stabilization in African countries. Two empirical regularities are documented for the group of African economies. First, fiscal policy generally has Keynesian effects. Second, fiscal policy instruments are often pro-cyclical (and practically never counter-cyclical). Taken together these two empirical regularities indicate a major policy failure as they imply that fiscal policy is a cause of volatility and not a tool for stabilization. The paper then discusses policy options to make fiscal policy more conducive to stabilization.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoen_US
dc.publisherElsevier
dc.publisher.placeNetherlands
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom254
dc.relation.ispartofpageto267
dc.relation.ispartofissue2
dc.relation.ispartofjournalJournal of Policy Modeling
dc.relation.ispartofvolume32
dc.rights.retentionY
dc.subject.fieldofresearchEconomic Development and Growth
dc.subject.fieldofresearchMacroeconomics (incl. Monetary and Fiscal Theory)
dc.subject.fieldofresearchTime-Series Analysis
dc.subject.fieldofresearchPolicy and Administration
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchcode140202
dc.subject.fieldofresearchcode140212
dc.subject.fieldofresearchcode140305
dc.subject.fieldofresearchcode1605
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1403
dc.titleCyclical fiscal policy in Africa
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.date.issued2010
gro.hasfulltextNo Full Text
gro.griffith.authorCarmignani, Fabrizio


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