misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar … more 'extractive' instit utions from their colonial past were more likely to experience high volatility a nd economic … policies appear to have only a minor impact on volatility and crises. This suggests that distortionary macroeconomic policies …

measures the effect of cyclical fiscal policy on Tunisian volatility. It analyzes the role of four fiscal indicators such as …, and a tendency to apply a cyclical fiscal policy proved to be possible to reduce Tunisian volatility. Tunisian …