Bayoumi, Tamim; Botman, Dennis P. J.; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2005
We use the IMF's Global Fiscal Model to evaluate recent proposals to reform social security and the tax system in the … United States. Introducing personal retirement accounts is unlikely to yield significant macroeconomic benefits unless it … spurs additional fiscal consolidation to prevent a large increase in government debt. Similar benefits are obtained if the …