Showing 1 - 10 of 59
This paper shows how growth and demography, two important determinants of the savings rate in the life-cycle approach, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and adverse movements in the terms of trade are found to...
Persistent link: https://www.econbiz.de/10014396475
The paper analyzes the development of government social expenditure during the economic stabilization period, with specific reference to the changing needs for such expenditure arising from the change in Israel’s demographic structure. The results reveal a real cut in direct services. The...
Persistent link: https://www.econbiz.de/10014396494
This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our simulations indicate a strong rise in pension expenditure over the next half century, as is the case in other industrialized countries. In Belgium, the problem is particularly acute in...
Persistent link: https://www.econbiz.de/10014396528
India’s 2005 Article IV Consultation reports that the government’s medium-term fiscal strategy is broadly appropriate …, and faster implementation is crucial for its economy. India’s growth spurt provides a golden opportunity to fast …
Persistent link: https://www.econbiz.de/10014404947
This Selected Issues paper for India reports that rapid growth is presenting new challenges to macroeconomic policy …
Persistent link: https://www.econbiz.de/10014405023
accelerate growth and reduce poverty. The paper assesses empirically whether India has entered a new phase of higher trend growth …
Persistent link: https://www.econbiz.de/10014405042
This paper presents background information to the assessment of competitiveness and exchange rate policy in India, as … enhancing the effectiveness of monetary policy and strengthening the financial system in India. Currency derivatives can provide … of the income distribution and how India can achieve significantly better social outcomes …
Persistent link: https://www.econbiz.de/10014405507
India’s strong growth and macroeconomic stability is owed to its sound macroeconomic policies and past structural … Reserve Bank of India maintains a strong focus on preserving financial stability. Further fiscal consolidation is essential to …
Persistent link: https://www.econbiz.de/10014405508
This 2004 Article IV Consultation highlights that India is on track for another year of robust growth in 2004 …
Persistent link: https://www.econbiz.de/10014405618
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting … it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies …. The authorities have already taken numerous welcome measures in response to the crisis. The Reserve Bank of India has been …
Persistent link: https://www.econbiz.de/10014405816