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The Challenge of Public Pension Reform in Advanced and Emerging Economies
Clements, Benedict J.; Coady, David; Eich, Frank; … - International Monetary Fund (IMF) - 2013
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...
Persistent link: https://www.econbiz.de/10010790493
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The Inflation-Unemployment Trade-Off At Low Inflation
Ricci, Luca Antonio; Benigno, Pierpaolo - International Monetary Fund (IMF) - 2009
relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of … inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation. …
Persistent link: https://www.econbiz.de/10005825999