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This paper considers the implications of the prospective aging of the U.S. population for the social security system and concludes that the large and growing cashflow surpluses of the social security trust funds should be saved to help insulate living stands against this change. A number of...
Persistent link: https://www.econbiz.de/10014396207
In the next 30-40 years, past changes in fertility and mortality will lead to a significant increase in the share of the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after 2000, compounding the impact of social expenditure...
Persistent link: https://www.econbiz.de/10014396157
productivity growth. While these reforms are needed, private pensions can also play a role inimproving retirement income for …
Persistent link: https://www.econbiz.de/10012646631
This Selected Issues paper estimates a dynamic model of foreign currency loans to households in Austria to analyze … developments in Austria’s economic linkages with Germany and the Central and Eastern European countries (CEECs). It finds that … become stronger. The paper also discusses the dynamics of Austria’s economic linkages with Germany, and examines these …
Persistent link: https://www.econbiz.de/10014406061
The Austrian authorities introduced new supervisory guidance aiming at constraining the funding model of the three largest Austrian banks’ subsidiaries. The guidance introduced the concept of Loan-to-Local-Stable-Funding Ratio (LLSFR) as a monitoring tool of business model sustainability....
Persistent link: https://www.econbiz.de/10014395657
Austria’s federal system comprises the federal government and nine provinces (Länder). The federal system is rather …
Persistent link: https://www.econbiz.de/10014406820
This Selected Issues paper for Austria reports the impact of the government size, in addition to tax and expenditure … broadly in line with the European Union (EU) 15 average. Austria is characterized by a heavy taxation of the factors of …
Persistent link: https://www.econbiz.de/10014406932
This Selected Issues paper for Austria looks at the fiscal burden facing Austria owing to aging, and the policy steps …
Persistent link: https://www.econbiz.de/10014404502
This Selected Issues paper focuses on the medium-term budgetary framework (MTBF) for Austria. Austria is part of a … trend among many countries to consider some form of MTBF. This paper describes the proposed framework in Austria and …
Persistent link: https://www.econbiz.de/10014404925
This technical note on the Republic of Poland underlies the country’s credit, growth, and financial stability. A broad-based statistical and econometric analysis of financial and household balance sheet data implies that exchange rate-related credit risk and liquidity risk are currently...
Persistent link: https://www.econbiz.de/10014406890