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Pandemics and economic turmoil in the short‐run: The role of fiscal space
World Economics, 2023We estimate, by means of the local projection method, the short to medium‐term economic impact of previous pandemics in a sample of 170 countries during the 2000–2018 period.
J. Jalles
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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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Climate change and India’s inflation, fiscal space and growth
International Review of Applied EconomicsGiven India is one of the most vulnerable countries to climate change, it is essential to study its macroeconomic aspects in light of the stark and tangible climate crisis. Employing monthly time-series data between 1993 and 2024, we estimate VAR models,
Swapnanil SenGupta, Aakansha Atal
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Strategic determinants of change management in the national fiscal space
Fìnansi UkraïniIntroduction. In Ukraine, despite martial law, global, regional, and national turbulence, successful reforms of the public finance system as well as its fiscal component are underway, taking into account international obligations and the EU accession ...
T. Iefymenko
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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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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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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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