Tanimoune, Nasser Ary; Combes, Jean-Louis; Plane, Patrick - In: Économie et Prévision 186 (2008) 5, pp. 145-162
[eng] In 1999, WAEMU (West African Economic and Monetary Union) countries adopted a Convergence Pact. Its main goal is to constrain national fiscal policies so as to prevent macroeconomic imbalances and preserve the credibility of the common currency. While budgetary efforts may cause recession...