Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.22617/WPS190162-2 |
Fiscal Space and Increasing Fiscal Resilience | |
[unavailable] | |
2019-05-14 | |
出版年 | 2019 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
This paper compares fiscal cyclicality across advanced and developing economies in terms of geography and income levels between 1960 and 2016. It identifies factors that explain government spending and tax-policy cyclicality. On average, a more indebted government spends more in good times and cuts back spending indifferently compared with low-debt economies in bad times. The sovereign wealth funds of economies have a countercyclical effect in our estimation. The analysis depicts a significant economic impact of an interest rate rise on fiscal space: a 10% increase in the public debt–tax base ratio is associated with an upper bound of a 5.6% increase in government-spending procyclicality. Contents
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来源平台 | Asian Development Bank |
引用统计 | |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/237643 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Fiscal Space and Increasing Fiscal Resilience,2019. |
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ewp-582-fiscal-space(354KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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