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FISCAL CAPACITY ANALYSIS OF FOREIGN COUNTRIES WITH THE «FISCAL SPACE DIAMOND»

open access: yesВестник Алтайской академии экономики и права
openaire   +1 more source

Measuring fiscal sustainability in the welfare state: fiscal space as fiscal sustainability

International Economics and Economic Policy, 2019
This study measures the fiscal capacity of welfare states to derive parameters for a sustainable welfare state. To secure fiscal soundness, it is critical to maintain affordable welfare spending by ensuring public capacity. Adapting the concept of fiscal space, defined as the difference between the current level of public debt and the debt limit ...
Hyejin Ko
exaly   +2 more sources

Fiscal Rules, Fiscal Space, and the Procyclicality of Fiscal Policy

FinanzArchiv, 2016
We analyze the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space for the EU27 countries for the period 1990–2014. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this effect is significantly ...
Carolin Nerlich, Wolf Heinrich Reuter
openaire   +1 more source

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