TThe optimal fiscal policy is countercyclical, aiming to keep the output close to its potential. Nevertheless, it has been pointed out that developing countries are unable to run countercyclical fiscal policies. Several researchers have attributed these sub optimal fiscal policies to two groups...

The main purpose of this paper is to assess the degree of capital mobility in Tunisia and Morocco. Using the methodology of Feldstein and Horioka (1980), we test the hypothesis of perfect capital mobility. The methodology that we have applied used time series econometric techniques, which...

All statistics and empirical studies relating to the Mediterranean region show the irregular fluctuation of the main macroeconomic aggregates.  It is appear that the vulnerability of these countries is largely the result of different range of shocks. Regarding their economic structures, the...

This paper applies multivariate Blanchard-Perotti SVAR methodology to analyze disaggregated short-term effects of fiscal policy on macroeconomic aggregates in Egypt and Tunisia. The main finding of this paper is that, strong evidence shows that fiscal policy procyclical in Egypt and Tunisia....

All statistics and empirical studies relating to the Mediterranean region show the irregular fluctuation of the main macroeconomic aggregates. It is appear that the vulnerability of these countries is largely the result of different range of shocks. Regarding their economic structures, the...