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Guérineau, S., Guillaumont Jeanneney et Florian Léon (2015) Viabilité budgétaire et renforcement du dispositif de surveillance multilatérale au sein de la CEMAC. Fondation pour les Etudes et la Recherche sur le Développement International (Ferdi) et Université d’Auvergne.

has been cited by the following article:

• TITLE: Fiscal Policy and Economic Cycles in Congo

  AUTHORS: Antoine Ngakosso

  KEYWORDS: Fiscal Policy, Economy Cycles, Fiscal Rule, Debt Instability, Congo

  JOURNAL NAME: Modern Economy, Vol.9 No.1, January 18, 2018

  ABSTRACT: The purpose of this paper is to respond on discretionary fiscal policy on economic cycles in Congo. A fiscal reaction function developed by Huart was thus estimated over the 1989-2015 period. It comes out from the results that the fiscal policies carried out during this period were both counter-cyclical and pro-cyclical expansionist. This resulted in instability of the public debt and an accumulation of payment arrears.