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Francophone Africa has been dominated to date by the political, economic and cultural repercussions of France’s colonial rule. A major instrument to assert France's interests was the upkeep of a common monetary policy and currency, the CFA Franc. Although this has been increasingly resented by...
Persistent link: https://www.econbiz.de/10015267354
French Abstract: L'Afrique francophone a été dominée jusqu'à présent par les répercussions politiques, économiques et culturelles de la domination coloniale française. Contrairement à la domination coloniale « indirecte » de la Grande-Bretagne, Paris gouvernait ses (anciennes)...
Persistent link: https://www.econbiz.de/10014239483
CEMAC countries, with an aim of coordinating their budget policies, established within their union some rules of economic policy which seem to be restrictive for an effective budget policy and thus sustainable in the long run. Indeed, in the economic theory, several arguments were advanced to...
Persistent link: https://www.econbiz.de/10015222716
In this paper, we test sustainability of Cameroon’s fiscal policy using the approach developed by Bohn (1998). We apply non parametric and semi-parametric regressions with time depending coefficients to estimate fiscal policy reaction function in Cameroon between 1975 and 2005. We find out...
Persistent link: https://www.econbiz.de/10015265937
L’article utilise un modèle à générations imbriquées pour analyser les effets d’une relance budgétaire mise en oeuvre dans une union monétaire par un gouvernement qui doit tenir compte de la nécessité de réduire ses dépenses publiques dans le futur conformément à une règle de...
Persistent link: https://www.econbiz.de/10008875868
A balanced budget requirement directly affects the intra-generational wealth distribution and influences the level of government spending. Both effects give rise to distributive conflicts that can explain why some groups support balanced budget rules while other groups in the same generation...
Persistent link: https://www.econbiz.de/10005771127
Persistent link: https://www.econbiz.de/10008800012
French Abstract: Cet article se propose d'étudier les réponses offertes par la politique fiscale en Amérique latine dans la situation actuelle « d'atterrissage en douceur ». En fait, il apparaît que la région est exposée à un risque de choc externe de pays développés et la Chine à un...
Persistent link: https://www.econbiz.de/10012890983
This book aims to study the consequences of the subprime crisis for New Caledonia, a French overseas Pacific territory. The situation of New-Caledonia is specific in many ways, since this territory is undergoing an institutional process of emancipation from France. On the first hand, New...
Persistent link: https://www.econbiz.de/10015218617
A policy mix characterized by a monetary policy whose main objective is price stability and fiscal policy under fiscal discipline can he permit to keep prices and production levels of social optimum to sustain economic growth ? In this paper, an index of the policy mix is built for grouping into...
Persistent link: https://www.econbiz.de/10015241312