A Probabilistic Approach to Fiscal Space and Prudent Debt Level is popular PDF and ePub book, written by Mr.Olumuyiwa S Adedeji in 2016-09-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, A Probabilistic Approach to Fiscal Space and Prudent Debt Level can be Read Online from any device for your convenience.
A Probabilistic Approach to Fiscal Space and Prudent Debt Level Book PDF Summary
What constitutes fiscal space or a prudent level of debt to conduct countercyclical policy while ensuring debt sustainability? This paper addresses the question by exploring the relationship between debt dynamics, and the probabilistic distribution of the primary balance and the effective interest rate. This proposed approach is useful in situations where the lack of relevant data makes it difficult to estimate detailed fiscal reaction functions. Applying this approach to Low-Income Developing Countries (LIDCs) and based on various debt ceiling assumptions, we find that about 60 percent of these countries presently have fiscal policy space to address adverse shocks, subject to the availability of domestic and external financing. Countries with strong institutional capacity tend to have more fiscal space, and countries with weak institutional capacity, mostly countries in conflict and fragile states, tend to lack fiscal space.
Detail Book of A Probabilistic Approach to Fiscal Space and Prudent Debt Level PDF
- Author : Mr.Olumuyiwa S Adedeji
- Release : 06 September 2016
- Publisher : International Monetary Fund
- ISBN : 9781475533255
- Genre : Business & Economics
- Total Page : 20 pages
- Language : English
- PDF File Size : 14,5 Mb
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