Boosting Fiscal Space

The Roles of GDP-Linked Debt and Longer Maturities

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Boosting Fiscal Space by Jonathan David Ostry, Jun I. Kim, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jonathan David Ostry, Jun I. Kim ISBN: 9781484347157
Publisher: INTERNATIONAL MONETARY FUND Publication: March 14, 2018
Imprint: Language: English
Author: Jonathan David Ostry, Jun I. Kim
ISBN: 9781484347157
Publisher: INTERNATIONAL MONETARY FUND
Publication: March 14, 2018
Imprint:
Language: English

Can debt management policy provide a way to increase fiscal space for a given path of primary fiscal balances? This note explores the role of two such policies: issuance of state-contingent debt; and issuance of longer maturity debt. New analytical models determine the debt limit and the default risk under uncertainty, and undertake numerical simulations to gauge the practical significance of the effect of debt management policies on fiscal space. The results suggest that, by managing debt along these two dimensions, economically salient gains in fiscal space are plausible for advanced and emerging markets.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Can debt management policy provide a way to increase fiscal space for a given path of primary fiscal balances? This note explores the role of two such policies: issuance of state-contingent debt; and issuance of longer maturity debt. New analytical models determine the debt limit and the default risk under uncertainty, and undertake numerical simulations to gauge the practical significance of the effect of debt management policies on fiscal space. The results suggest that, by managing debt along these two dimensions, economically salient gains in fiscal space are plausible for advanced and emerging markets.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Finance & Development, December 1984 by Jonathan David Ostry, Jun I. Kim
Cover of the book Value-Added Tax: Administrative and Policy Issues by Jonathan David Ostry, Jun I. Kim
Cover of the book Regional Economic Outlook: Middle East and Central Asia, October 2008 by Jonathan David Ostry, Jun I. Kim
Cover of the book Recent Developments in External Debt Restructuring by Jonathan David Ostry, Jun I. Kim
Cover of the book Singapore: a Case Study in Rapid Development by Jonathan David Ostry, Jun I. Kim
Cover of the book The Payment System and Monetary Policy by Jonathan David Ostry, Jun I. Kim
Cover of the book IEO Annual Report 2011 by Jonathan David Ostry, Jun I. Kim
Cover of the book Mapping Financial Sector Vulnerability in a Non-Crisis Country by Jonathan David Ostry, Jun I. Kim
Cover of the book Central Bank Independence, Accountability, and Transparency--A Global Perspective by Jonathan David Ostry, Jun I. Kim
Cover of the book Tax Policy and the Asian Crisis by Jonathan David Ostry, Jun I. Kim
Cover of the book Financial Integration in Central America: Prospects and Adjustment Needs by Jonathan David Ostry, Jun I. Kim
Cover of the book  by Jonathan David Ostry, Jun I. Kim
Cover of the book Interventions in Banks During Banking Crises - The Experience of Indonesia by Jonathan David Ostry, Jun I. Kim
Cover of the book Tearing Down Walls: The International Monetary Fund 1990-1999 by Jonathan David Ostry, Jun I. Kim
Cover of the book Juego limpio by Jonathan David Ostry, Jun I. Kim
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy