A Probabilistic Approach to Fiscal Space and Prudent Debt Level : Application to Low-Income Developing Countries

Application to Low-Income Developing Countries

A Probabilistic Approach to Fiscal Space and Prudent Debt Level : Application to Low-Income Developing Countries
What constitutes fiscal space or a prudent level of debt to conduct countercyclical policy while ensuring debt sustainability? This paper addresses the question by exploring the relationship between debt dynamics, and the probabilistic distribution of the primary balance and the effective interest rate. This proposed approach is useful in... READ MORE...

Publication date: August 2016
ISBN 9781475523607
$18.00

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Publication date: August 2016

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