Showing 1 - 10 of 475
Persistent link: https://www.econbiz.de/10003269624
We use the IMF''s Global Fiscal Model to evaluate recent proposals to reform social security and the tax system in the United States. Introducing personal retirement accounts is unlikely to yield significant macroeconomic benefits unless it spurs additional fiscal consolidation to prevent a...
Persistent link: https://www.econbiz.de/10014404196
Persistent link: https://www.econbiz.de/10003321879
Persistent link: https://www.econbiz.de/10003545038
We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to financial markets, and the elasticity of labor supply, as well as the...
Persistent link: https://www.econbiz.de/10012778511
Demographic pressures will materialize in many economies over the next few decades. We examine the macroeconomic impact of alternative fiscal adjustment and structural reform strategies to address these global aging pressures using the IMF's Global Fiscal Model (GFM). The results suggest...
Persistent link: https://www.econbiz.de/10012776233
We explore the underlying determinants of the macroeconomic effects of fiscal policy and tax and social security reform using the IMF's Global Fiscal Model (GFM). We show that the planning horizon of consumers, access to financial markets, and the elasticity of labor supply, as well as the...
Persistent link: https://www.econbiz.de/10013110695
This paper undertakes a rigorous analysis of the effects of policies to respond to the looming demographic pressures in Europe and elsewhere. We examine the impact of fiscal adjustment by itself, and when pursued in combination with tax, labor and product market reforms, using the IMF's Global...
Persistent link: https://www.econbiz.de/10013111436
We use the IMF's Global Fiscal Model to evaluate recent proposals to reform social security and the tax system in the United States. Introducing personal retirement accounts is unlikely to yield significant macroeconomic benefits unless it spurs additional fiscal consolidation to prevent a large...
Persistent link: https://www.econbiz.de/10005825943
Persistent link: https://www.econbiz.de/10003340237