This paper analyses the experience with rule-based monetary policy in African countries which have participated in monetary unions (CFA Franc Zone, Eastern African Currency Board and Rand Monetary Area). We show that African countries have generally lacked the domestic political institutions...

Electoral competition can have a significant influence on government decisions regarding public spending. In this paper I examine whether the move to multiparty elections in many African countries in the last ten years has been associated with a clear change in priorities for public spending on...

This paper investigates the effect of recent reforms of budgetary institutions in Uganda and Zambia. We argue that cash budgeting has brought clear benefits in terms of improved expenditure control with regard to line ministries. However, contrary to what is often suggested, adoption of a cash...

Delegation and policy rules are frequently suggested strategies for governments to establish credible commitments. Existing literature on rules and delegation in macroeconomic policy has generally avoided the question of why governments that delegate or establish rules do not subsequently...

Electoral competition can have a significant influence on government decisions regarding public spending. In this paper I examine whether the move to multiparty elections in many African countries in the last ten years has been associated with a clear change in priorities for public spending on...

This paper investigates the effect of recent reforms of budgetary institutions in Uganda and Zambia. We argue that cash budgeting has brought clear benefits in terms of improved expenditure control with regard to line ministries. However, contrary to what is often suggested, adoption of a cash...

Delegation and policy rules are frequently suggested strategies for governments to establish credible commitments. Existing literature on rules and delegation in macroeconomic policy has generally avoided the question of why governments that delegate or establish rules do not subsequently...