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La trilogie impossible de la stabilité macro-économique au Maroc


  • Rédouane Taouil


The objective assigned to the monetary and budgetary policy in Morocco is to ensure stability by means of fixed rules to control inflation and to limit public deficit. This policy mix guarantees stability but at a high cost. The financial rationing, disinflation costs and the biases of the budgetary contractions resulting from it have a restrictive impact on growth. It leads to an impossible trilogy between the control of inflation and public deficit on the one hand and growth on the other hand.

Suggested Citation

  • Rédouane Taouil, 2010. "La trilogie impossible de la stabilité macro-économique au Maroc," Revue Tiers-Monde, Armand Colin, vol. 0(2), pages 131-148.
  • Handle: RePEc:cai:rtmarc:rtm_202_0131

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    Cited by:

    1. Bentour, El Mostafa, 2015. "On the removal of energy products subsidies in an importing oil country: impacts on prices in Morocco," MPRA Paper 63635, University Library of Munich, Germany.

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    Morocco; economic policy; stability; growth;


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