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Towards a More Comprehensive Assessment of Fiscal Space / Hoi Wai Jackie Cheng and Ingo Pitterle.
- Format:
- Book
- Government document
- Author/Creator:
- Jackie Cheng, Hoi Wai, author.
- Series:
- UN Department of Economic and Social Affairs (DESA) Working Papers ; no.153.
- UN Department of Economic and Social Affairs (DESA) Working Papers ; no.153
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource (25 pages).
- Place of Publication:
- New York : United Nations, 2018.
- System Details:
- text file
- Summary:
- The prolonged sluggishness in the world economy since the global financial crisis has led to growing calls for a reorientation of macroeconomic policies toward more supportive fiscal measures. Such calls inevitably invite the question of how much fiscal space governments actually have. This paper provides a systematic review of the most popular definitions and measures of fiscal space. It examines the evolution of fiscal space measures and discusses the pros and cons of each measure. It then outlines several key factors that could help to further strengthen existing approaches and allow a more comprehensive assessment of fiscal space. By illustrating how different measures paint considerably different pictures of an economys fiscal space, the paper underscores the need to use a dashboard of indicators.
- Notes:
- Title from title screen (viewed May 1, 2017).
- Access Restriction:
- Restricted for use by site license.
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