Publications @en

October 2017 [2017-16] Effect of central transfers on municipalities’ own revenue mobilization: Do conflict and local revenue management matter? Jean-François BRUN, Tiangboho SANOGO

This paper analyzes the effect of the transfers from central government to municipalities on the revenue mobilization by municipalities in Côte d’Ivoire over the period 2001-2014. The analysis is based on a new carefully-constructed dataset covering the conflict and post conflict periods for 115 municipalities. A two-stage least squares estimator is combined with the Grouped […]

September 2017 [2017-0]Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules Jean-Louis COMBES, Alexandru MINEA, Mousse Ndoye SOW

We investigate the reaction of fiscal policy to the business cycle in a panel of 56 developed, emerging and developing economies over 1990–2011. While we strengthen the established finding that fiscal policy is counter-cyclical, additional outcomes emerge from this study. We reveal a non-linear response of fiscal policy to the business cycle, conditional upon the […]