Search Results - subject:"contracyclique"

Stability pact and risk of pro-cyclical fiscal policy in Economic and Monetary Union countries: the case of UEMOA

Diop, Mamadou - Centre de Recherche en Économie et Management (CREM) - 2013

In December 1999, the WAEMU countries have adopted the Pact of Convergence, Stability, Growth and Solidarity which states in its corrective arm, the basic fiscal balance, relative to nominal GDP, must be balanced. Implying that the presence of an unexpected adverse economic conditions,...

Persistent link: https://www.econbiz.de/10010854380

Fiscal policy reaction to the cycle in the OECD: pro- or counter-cyclical?

Égert, Balázs - In: Mondes en développement n° 167 (2014) 3, pp. 35-52

This paper analyses the reaction of fiscal policy to the cycle in OECD countries. The results suggest that while overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings, discretionary fiscal policy was neutral on average. However,...

Persistent link: https://www.econbiz.de/10011187849

Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-cyclical?

Égert, Balázs - Economics Department, Organisation de Coopération et … - 2010

budgétaire au cycle dans les pays de l'OCDE : A-t-elle été procyclique ou contracyclique ?<BR>Ce document analyse la réaction de … contracyclique dans le passé et encore plus en période de ralentissement économique qu’en période d’expansion, mais que les mesures … budgétaire sera plus probablement contracyclique. Comme le montre également ce document, les plans budgétaires ne sont pas …

Persistent link: https://www.econbiz.de/10008542496

Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and Other Culprits

Égert, Balázs - Economics Department, Organisation de Coopération et … - 2010

This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...

Persistent link: https://www.econbiz.de/10008461038