| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14431 |
| DP14431 What’s Wrong with Fiscal Space? | |
| Charles Wyplosz | |
| 发表日期 | 2020-02-21 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | The concept of fiscal space, often discussed in European policymaking circles, is intuitively appealing but fraught with daunting challenges. In principle, it is meant to indicate how expansionary fiscal policy can be in the short run given longer term concerns. The proper basis should be the intertemporal budget constraint, but that is not what the Commission does. This paper suggests how to use the constraint to evaluate the fiscal space. Instead of aiming at a single number (with or without confidence intervals) it transparently links the computation of the fiscal space to explicit assumptions about the unknown future. |
| 主题 | Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Counter-cyclical fiscal policy Intertemporal budget constraint Fiscal space |
| URL | https://cepr.org/publications/dp14431 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543328 |
| 推荐引用方式 GB/T 7714 | Charles Wyplosz. DP14431 What’s Wrong with Fiscal Space?. 2020. |
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