In light of the proliferation of exceptionally large fiscal stimuli to ward off the recession triggered by the 2008 global economic and financial crisis in most advanced economies, this paper revisits the fiscal adjustment and growth nexus in Sub-Saharan Africa. Using transfer functions, it quantifies expected losses in terms of aggregate output largely attributed to a systematic implementation of pro-cyclical expenditure switching and reducing policies...
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详细
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2010/05/01
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政策研究报告
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WPS5306
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1
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1
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2010/07/01
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Disclosed
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Fiscal adjustment and growth in Sub-Saharan Africa : overview and lessons from the current downturn
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accrual budgeting