Fiscal Space and Increasing Fiscal Resilience

GSTDTAP > 气候变化

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 Introduction Empirical Analysis Economic Significance and Policy Implications Conclusions Appendix: Economy Codes
URL	查看原文
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.