While the term 'fiscal space' is new, the issue is quite old. Fiscal space refers to availability of budgetary resources for a specific purpose, typically growth-enhancing investment uses, without jeopardizing...
Common sense suggests that there should be a strong and logical connection between the two sides of the budget. If an average citizen in any country is asked what he or she thinks about the desirability...
While only measures properly reflecting net societal benefits should be used to rank policies, several other measures also attempting to summarize the value of net flows are often presented -- i.e., the...