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Fiscal Rules, Fiscal Space, and the Procyclicality of Fiscal Policy
FinanzArchiv, 2016We 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
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IMF Policy Discussion Papers, 2005
With new initiatives to provide low income countries with external assistance in support of the Millennium Development Goals (MDGs), donors and NGOs are seeking to understand whether "fiscal space" can be provided in the context of IMF-supported programs to support these initiatives. This paper defines the concept of fiscal space and its link to fiscal
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With new initiatives to provide low income countries with external assistance in support of the Millennium Development Goals (MDGs), donors and NGOs are seeking to understand whether "fiscal space" can be provided in the context of IMF-supported programs to support these initiatives. This paper defines the concept of fiscal space and its link to fiscal
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Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies [PDF]
The Economic Journal, 2013 How high can public debt rise without compromising fiscal solvency? We answer this question using a stochastic model of sovereign default in which risk-neutral investors lend to a government that displays ‘fiscal fatigue’, whereby its ability to increase primary balances cannot keep pace with rising debt. As a result, the government faces an endogenous
Atish R. Ghosh +4 more
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Fiscal Space for Health in Uganda [PDF]
, 2010 This report reviews performance of Uganda's health sector and assesses options for increasing total health spending and improving efficiency of health spending to improve health, nutrition, and population outcomes. Although Uganda's health outcomes are improving, the country is unlikely to achieve its national targets for health as well as the health ...
Peter Okwero +4 more
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An assessment of fiscal space for health in Bhutan
The International Journal of Health Planning and Management, 2015SummarySeveral factors are expected to put a strain on health financing in Bhutan. In a predominantly public‐financed healthcare, ensuring that the health system gains sufficient fiscal space to ensure the sustainability of its financing is a critical policy concern.
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Fiscal Space of Brazilian States
2013We estimate the fiscal space of Brazilian States defined as the difference between a State's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. We estimate fiscal reaction functions and debt limits using publicly available data between 2000 and 2011 for the 26 Brazilian States and the Federal District ...
Fabiano Bastos, Emilio Pineda
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Analysis of Fiscal Sustainability under a Concept of Fiscal Space
20142, 8, Development Economic ...
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Fiscal Space in the Euro zone [PDF]
, 2012 This paper uses data from 1995 to 2008 to estimate debt limits in the European Union countries derived from the budgetary responses to debt levels before the crisis. Based on work by the IMF (Ostry, 2010), we present our suggested approach and estimate the fiscal reaction functions and the implied critical debt levels of EU governments.
Frantisek Hajnovic, Juraj Zeman
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World Economics Journal, 2006
Debt relief and the scaling up of aid to low-income countries should allow for increased fiscal space for expenditure programs to spur long-term growth and reduce poverty. But as discussed in Peter Heller’s article “Pity the Finance Minister†(World Economics, Vol. 6, No.
Peter S. Heller +5 more
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Debt relief and the scaling up of aid to low-income countries should allow for increased fiscal space for expenditure programs to spur long-term growth and reduce poverty. But as discussed in Peter Heller’s article “Pity the Finance Minister†(World Economics, Vol. 6, No.
Peter S. Heller +5 more
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The Smoking Fiscal Space in Cuba
Journal of Clinical and Medical Research, 2019Smoking is one of the most researched risk factor around the world. This is because the bad consequences of smoking over life quality given by the morbidity and the mortality attributable to smoking. One of the main points to make stronger the smoking control is the use of the fiscal policy specially the tributary one.
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