 | A Probabilistic Approach to Fiscal Space and Prudent Debt Level : Application to Low-Income Developing Countries Author/Editor: Olumuyiwa S Adedeji, Calixte Ahokpossi, Claudio Battiati, Mai Farid. Release Date:August, 2016 What constitutes fiscal space or a prudent level of debt to conduct countercyclical policy
while ensuring debt sustainability? This paper addresses the question by exploring the
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