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Putting the pension system on a sustainable footing arguably remains the biggest challenge in Russia's economic policies. The debate about the policy options was hitherto constrained by the absence of general equilibrium analysis. This paper fills this gap by simulating their macroeconomic...
Persistent link: https://www.econbiz.de/10005263824
sustainability for each of the G-7 countries using two standard primary gap indicators. The estimated fiscal adjustment required to … ensure long-run fiscal sustainability is substantial for all G-7 countries. In particular, ensuring fiscal sustainability … adjustment required to achieve long-run fiscal sustainability in G-7 countries is large, there are significant growth benefits to …
Persistent link: https://www.econbiz.de/10005769069