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 Regional Economic Outlook, Middle East and Central Asia, October 2010 by Jonathan David Ostry, Jun I. Kim
Cover of the book Finance & Development, December 2006 by Jonathan David Ostry, Jun I. Kim
Cover of the book Legal Effects of Fluctuating Exchange Rates by Jonathan David Ostry, Jun I. Kim
Cover of the book Reconstructing the World Economy by Jonathan David Ostry, Jun I. Kim
Cover of the book Regional Economic Outlook, October 2011: Sub-Saharan Africa - Sustaining the Expansion by Jonathan David Ostry, Jun I. Kim
Cover of the book Automatic Fiscal Stabilizers by Jonathan David Ostry, Jun I. Kim
Cover of the book The Making of Good Supervision: Learning to Say "No" by Jonathan David Ostry, Jun I. Kim
Cover of the book Fiscal Policy: Issues During the Transition in Russia by Jonathan David Ostry, Jun I. Kim
Cover of the book The Global Effects of Fund-Supported Adjustment Programs by Jonathan David Ostry, Jun I. Kim
Cover of the book Regional Economic Outlook, November 2012: Middle East and Central Asia by Jonathan David Ostry, Jun I. Kim
Cover of the book Macroprudential Indicators of Financial System Soundness by Jonathan David Ostry, Jun I. Kim
Cover of the book Payments Arrangements and the Expansion of Trade in Eastern and Southern Africa by Jonathan David Ostry, Jun I. Kim
Cover of the book Guidelines for Foreign Exchange Reserve Management by Jonathan David Ostry, Jun I. Kim
Cover of the book The Adoption of Indirect Instruments of Monetary Policy by Jonathan David Ostry, Jun I. Kim
Cover of the book Finance & Development, March 1984 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