Results 11 to 20 of about 4,325,635 (305)
Impact of Output Gap, COVID-19, and Governance Quality on Fiscal Space in Sub-Saharan Africa
This study examined the determinants of fiscal space within the Sub-Saharan Africa (SSA) region, utilising a panel of 33 countries from 2005 to 2021.
Blessing Katuka, Calvin Mudzingiri
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. Creating an effective tax system in the country is one of the most important conditions for ensuring its competitiveness. Today, there is a process of active tax competition between states around the world.
N. Lagodiienko, І. Yakushko
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In this note, the authors reexamine the issue of debt sustainability in a large group of advanced economies. Their hypothesis is that, when debt is in a moderate range, its dynamics are sustainable in the sense that increases in debt elicit sufficient increases in primary fiscal balances to stabilize the debt-to-GDP ratio. At high debt levels, however,
Jonathan David Ostry +3 more
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A Cross-Country Database of Fiscal Space [PDF]
This paper presents a comprehensive cross-country database of fiscal space, broadly defined as the availability of budgetary resources for a government to service its financial obligations. The database covers up to 200 countries over the period 1990-2016, and includes 28 indicators of fiscal space grouped into four categories: debt sustainability ...
Kurlat, Sergio +3 more
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TAX REFORMS FOR THE DEVELOPMENT OF FISCAL SPACE
A reduction of the tax burden on corporate income in order to stimulate drivers of economic development has become the important issue of tax reform in many countries in recent decades.
Inna Lunina +2 more
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Fiscal competition in space and time [PDF]
This paper analyzes fiscal competition among numerous spatially-separated jurisdictions in an explicitly dynamic framework. The degree of factor mobility between jurisdictions is imperfect because it is costly and time-consuming to adjust factor stocks.
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Fiscal Space for Health Care: Modern Approaches to Formation and Diagnostics
In the article an analytical review of theoretical approaches to the definition of the fiscal space is conducted. The peculiarities of the interpretation of the essence of the fiscal space for financing the health care system in the contemporary ...
O. V. Stepanova
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This paper reviews the experience with the fiscal space assessment framework that was piloted during 2017–18. In 2016, staff proposed an operational definition of fiscal space and a new four-stage framework for its assessment. These were discussed informally by the Board in June, and a Board paper “Assessing Fiscal Space: An Initial Consistent Set of ...
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De facto Fiscal Space and Fiscal Stimulus: Definition and Assessment [PDF]
We define the notion of a ‘de facto fiscal space’ of a country as the inverse of the tax-years it would take to repay the public debt. Specifically, we measure the outstanding public debt relative to the de facto tax base, where the latter measures the realized tax collection, averaged across several years to smooth for business cycle fluctuations.
Aizenman, Joshua, Jinjarak, Yothin
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Current trends and macroeconomic effects of fiscal space functioning of Ukraine
Modern features of fiscal space functioning of Ukraine are investigated in this article, the conditions and trends of its formation in the context of global social and economic transformations are determined.
Vasylevska Halyna
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