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041 _afre
042 _adc
100 1 0 _aGacko, Ibrahima
_eauthor
700 1 0 _a Laffiteau, Emilie
_eauthor
245 0 0 _aConvergence Criteria Reform and Fiscal Policy Cyclicality in the Franc Zone
260 _c2017.
500 _a66
520 _aThis article tests the Franc Zone reform, which aims to reinforce the countercyclical nature of fiscal policies. The model tests the relationship between the discretionary nature of fiscal policy and the cyclicality of economies from 1990 to 2014 by comparing the fiscal balance criteria (pre-reform/proposed by the reform). The results indicate that most countries are experiencing a pro-cyclical policy but that the reform would allow more economic regulation, even though the fiscal instrument remains weak in terms of its ability to absorb shocks.
690 _aMultilateral Surveillance
690 _aFiscal Procyclicality
690 _aMonetary Unio
786 0 _nMondes en développement | o 179 | 3 | 2017-09-26 | p. 119-136 | 0302-3052
856 4 1 _uhttps://shs.cairn.info/journal-mondes-en-developpement-2017-3-page-119?lang=en&redirect-ssocas=7080
999 _c517048
_d517048