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Challenges of fiscal policy in emerging and developing economies (English)

This paper presents a systematic analysis of the availability and use of fiscal space in emerging and developing economies. These economies built fiscal space in the run-up to the Great Recession of 2008-09, which was then used for stimulus. This reflects a more general trend over the past three decades, where availability of fiscal space has been associated with increasingly countercyclical (or less procyclical) fiscal policy. However, fiscal space...
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Citation

Huidrom,Raju; Kose,Ayhan; Ohnsorge,Franziska Lieselotte.

Challenges of fiscal policy in emerging and developing economies (English). Policy Research working paper|no. WPS 7725 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/288601467996658240

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