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International Monetary Fund (IMF); International … - 2007

This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal sustainability for Cyprus. The study analyzes the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging. It goes beyond a simple quantification of the...

Persistent link: https://www.econbiz.de/10011243631

Mexico; Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market

International Monetary Fund (IMF); International … - 2007

This paper presents a technical note on Mexicoâ€™s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...

Persistent link: https://www.econbiz.de/10011244170

Russian Federation; Selected Issues

International Monetary Fund (IMF); International … - 2008

it is generally successful in explaining bilateral financial flows. If the pension gap were to be financed through the …

Persistent link: https://www.econbiz.de/10011245351

Northern Star; Canada's Path to Economic Prosperity

Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...

Persistent link: https://www.econbiz.de/10011245903

Stress Tests for Defined Benefit Pension Plans: A Primer

Impavido, Gregorio - International Monetary Fund (IMF) - 2011

Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests and illustrate their strengths and weaknesses. Using an Excel-based template with...

Persistent link: https://www.econbiz.de/10008839343

Pension Reform in China; The Need for a New Approach

Dunaway, Steven Vincent; Arora, Vivek B. - International Monetary Fund (IMF) - 2007

The rapid aging of China's population over the next few decades makes it important for a new pension system with broad … and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in … difficulties over dealing with the "legacy costs" associated with the relatively more generous benefits provided under the old …

Persistent link: https://www.econbiz.de/10005769032

Coping with Spain's Aging; Retirement Rules and Incentives

Hoffmaister, Alexander W.; Catalán, Mario; Guajardo, Jaime - International Monetary Fund (IMF) - 2007

This paper evaluates the macroeconomic and welfare effects of extending the averaging period used to calculate pension … benefits in a pay-as-you-go system. It also examines the complementarities between reforms extending the averaging period and …

Persistent link: https://www.econbiz.de/10005769092