Fiscal Rules and the Pro-Cycylicality of Public Investment in the West African Economic and Monetary Union

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 contracts more in “bad times” tha...

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Bibliographic Details
Main Authors: Dessus, Sébastien, Diaz Sanchez, Jose Luis, Varoudakis, Aristomene
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
BID
Online Access:http://documents.worldbank.org/curated/en/2013/08/18094334/protecting-public-investment-against-shocks-west-african-economic-monetary-union-options-fiscal-rules-risk-sharing
http://hdl.handle.net/10986/15996

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