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OverviewCan debt management policy provide a way to increase fiscal space for a given path of primary fiscal balances? This report 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. Full Product DetailsAuthor: International Monetary Fund: African Department , Jun I. KimPublisher: International Monetary Fund (IMF) Imprint: International Monetary Fund (IMF) Volume: No. 18/04 ISBN: 9781484330937ISBN 10: 1484330935 Pages: 45 Publication Date: 30 September 2018 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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