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Fiscal Space : Concept, Measurement, and Policy Implications

Author

Listed:
  • Kose,Ayhan
  • Ohnsorge,Franziska Lieselotte
  • Sugawara,Naotaka

Abstract

Effective fiscal policy depends on the amount of budget resources available to raise spending or lower taxes without jeopardizing fiscal sustainability. This resource availability is often called fiscal space. Since the global financial crisis, fiscal space in emerging market and developingeconomies has narrowed. This makes these economies more vulnerable to sudden spikes in financing costs and limits their ability to counteract adverse shocks.

Suggested Citation

  • Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2018. "Fiscal Space : Concept, Measurement, and Policy Implications," Research and Policy Briefs 132195, The World Bank.
    • Handle: RePEc:wbk:wbkrpb:132195
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    File URL: http://documents.worldbank.org/curated/en/771101542638116256/pdf/Fiscal-Space-Concept-Measurement-and-Policy-Implications.pdf
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    Citations

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    Cited by:

    1. Ohnsorge, Franziska & Kose, M. Ayhan & Sugawara, Naotaka, 2020. "Benefits and Costs of Debt: The Dose Makes the Poison," CEPR Discussion Papers 14439, C.E.P.R. Discussion Papers.
    2. Koh,Wee Chian & Yu,Shu, 2020. "A Decade after the 2009 Global Recession : Macroeconomic and Financial Sector Policies," Policy Research Working Paper Series 9289, The World Bank.
    3. Hassan F. Gholipour & Reza Tajaddini & Mohammad Reza Farzanegan, 2023. "Governments’ economic support for households during the COVID-19 pandemic and consumer confidence," Empirical Economics, Springer, vol. 65(3), pages 1253-1272, September.
    4. Hayley Pallan, 2022. "Sovereign Spreads and Corporate Taxation," IHEID Working Papers 15-2022, Economics Section, The Graduate Institute of International Studies.

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