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Please use this identifier to cite or link to this item: https://elibrary.tucl.edu.np/handle/123456789/5630
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dc.contributor.authorADB; Aizenman, Joshua; Jinjarak, Yothin; Nguyen, Hien Thi Kim; Park, Donghyun-
dc.date.accessioned2021-10-05T15:04:48Z-
dc.date.available2021-10-05T15:04:48Z-
dc.date.issued2019-05-
dc.identifier.isbnN/A-
dc.identifier.isbnN/A-
dc.identifier.issn2313-6537-
dc.identifier.issn2313-6545-
dc.identifier.urihttps://www.adb.org/publications/fiscal-space-fiscal-resilience-
dc.identifier.urihttps://elibrary.tucl.edu.np/handle/123456789/5630-
dc.descriptionThis 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.-
dc.format.extent40-
dc.subject.otherEconomics-
dc.subject.otherPublic expenditure-
dc.subject.otherPublic financial management-
dc.subject.otherPublic revenue-
dc.subject.otherPublic sector governance-
dc.titleFiscal Space and Increasing Fiscal Resilience-
local.publication.countryRegional - Asia and the Pacific-
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