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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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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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Analysis of Fiscal Sustainability under a Concept of Fiscal Space
20142, 8, Development Economic ...
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Fiscal Space in the Arab Countries [PDF]
, 2012 The paper on which this One Pager is based (Roy, Abu-Ismail and Ramos, 2011) suggests concrete policy options which would create the fiscal space needed for structural transformation. After analysing the fiscal constraints faced by different countries and country groupings in the region, the paper suggests policies to increase fiscal space for the ...
Khalid Abu-Ismail +2 more
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The Innovation Channel of Fiscal Space
SSRN Electronic Journal<span>This paper examines the effects of shrinking fiscal space and the resulting fiscal consolidation on private and public expenditure in research and development (R&D). In a sample of OECD countries, we find R&D expenditure strongly influenced by the available fiscal space, with this relationship being particularly pronounced ...
Francesco Tomasone +2 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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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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Constraints of Running Autonomus Fiscal Policy: Narrowing of Fiscal Space
Ekonomik Yaklasim, 2011One of the concepts that came to the forefront in struggle and exit strategies out of the Global Crisis 2008 is policy space. Policy space can be defined as budgetary resources which can be used for a particular aim without effecting the states public position or stability negatively.
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Fiscal space and the size of fiscal multiplier
2020Metelli, Luca, Pallara, Kevin
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