Series: Departmental Papers / Policy Papers
Author(s): Jonathan Ostry , and Jun Kim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 March 2018
Keywords: Fiscal policy, Fiscal policy, Debt management policies, Default, Fiscal space
Can debt management policy provide a way to increase fiscal space for a given path of primary fiscal balances? This note explores the role of two such policies: issuance of state-contingent debt; and issuance of lo...