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Efficiency and Performance of Bulgarian Private Pensions
Impavido, Gregorio - International Monetary Fund (IMF) - 2008
This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third pillars of the pension system.
Persistent link: https://www.econbiz.de/10005263896
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Income Mobility and Welfare
Krebs, Tom; Krishna, Pravin; Maloney, William - International Monetary Fund (IMF) - 2013
This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare … consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and … derive analytical expressions for income mobility and welfare as a function of the various parameters of the underlying …
Persistent link: https://www.econbiz.de/10010790325
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Kingdom of Swaziland; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper and Statistical Appendix for the Kingdom of Swaziland assesses the interaction of nonbank financial institutions (NBFIs) within the financial system and the real economy. Understanding the type of flows will help in designing policies to better manage capital flows and...
Persistent link: https://www.econbiz.de/10011244722
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Greece; Staff Report on Request for Stand-By Arrangement
International Monetary Fund (IMF); International … - 2010
The Greek economy is teetering owing to heavy public debt and loss of market access. Greece is adopting an ambitious comprehensive multiyear adjustment program to lower the fiscal deficit and the debt ratio, reduce domestic demand in line with capacity, and increase supply and competitiveness so...
Persistent link: https://www.econbiz.de/10011245773
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The Aging of the Population and the Size of the Welfare State
Swagel, Phillip; Sadka, Efraim; Razin, Assaf - International Monetary Fund (IMF) - 2002
size of the welfare state. This is despite the increased political clout of the dependent population implied by the aging …
Persistent link: https://www.econbiz.de/10005825663
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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"...
Persistent link: https://www.econbiz.de/10005769032
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Governance and Fund Management in the Chinese Pension System
Hu, Yu-Wei; Impavido, Gregorio; Li, Xiaohong - International Monetary Fund (IMF) - 2009
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the...
Persistent link: https://www.econbiz.de/10008540915
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A Status Updateon Fiscal Exit Strategies
International Monetary Fund (IMF); International … - 2010
With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries...
Persistent link: https://www.econbiz.de/10008777011
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Income Uncertainty and Household Savings in China
Liu, Kai; Chamon, Marcos; Prasad, Eswar - International Monetary Fund (IMF) - 2010
China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we...
Persistent link: https://www.econbiz.de/10008777024
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Cyprus; 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cyprus
International Monetary Fund (IMF); International … - 2010
Economic conditions have stabilized, and the economy is projected to bottom out in 2010, giving way to a mild recovery in 2011 followed by stronger growth. The foremost policy challenge is to achieve the official fiscal consolidation targets so as to put debt ratios on a declining path and...
Persistent link: https://www.econbiz.de/10011242949