Fiscal aspects of macroeconomic stability in Africa

This study analyses empirically the nature of fiscal and monetary policy interdependence and fiscal dynamics in africa. It also looks at the possibility of implementing viable fiscal policy rules and institutions that are consistent with economic and monetary stability and growth. The study starts off by looking at the way economists have framed the analysis of fiscal and monetary policy interdependence. While conventional theory holds that inflation is a onetary phenomenon, recently the Fiscal Theory of Price Determination (FTDP) has instead argued that inflation can be a fiscal phenomenon.

Grantor dc:publisher.institution

School of Economics

Year dc:date.issued

2009

Author dc:creator

• Obinyeluaku, Moses Ikechukwu

Advisor dc:contributor.advisor

• Viegi, Nicola

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/5719

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/5719