Adequate fiscal flexibility is a prerequisite for meeting the post-2015 development challenges. This paper proposes a composite fiscal flexibility index. Based on several important fiscal parameters, the index will identify countries in the Asia and Pacific region that are well-poised to meet...

In this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strategies, given certain assumptions about other macro policy choices and relevant exogenous factors. The...

In this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strategies, given certain assumptions about other macro policy choices and relevant exogenous factors. The...