Calderón, César A.; Chuhan-Pole, Punam; Some, … - 2018
. Fiscal space is a multi-dimensional concept that is proxied by indicators capturing aspects of fiscal sustainability, balance … sheet vulnerabilities, external debt positions, and market perception. The analysis relies on a new comprehensive database … policies amid the 2008-09 global financial crisis, thanks to built-up liquidity and policy buffers. The evidence shows that …