Similar Search Results

Tradeoff between the Output and Current Account Effects of Pension Reform.

Catalan, Mario - 2012

We compare the long-term output and current account effects of pension reforms that increase the retirement age with … a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small …: Increasing the Retirement Age -- C. Reform II: Cutting Pension Benefits -- D. The Long-Run Tradeoff between Output and the …

Persistent link: https://www.econbiz.de/10012690159

Pension Reforms in Japan.

Kashiwase, Kenichiro - 2012

This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run...

Persistent link: https://www.econbiz.de/10012690157

Addressing Korea's Long-Term Fiscal Challenges

Syed, Murtaza H.; Skaarup, Michael; Feyzioglu, Tarhan - International Monetary Fund (IMF) - 2008

Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift will put tremendous pressure on the pension system and health and long-term care...

Persistent link: https://www.econbiz.de/10005825781

The Role of Medium-Term Fiscal Frameworks for Transition Countries; The Case of Bulgaria

Horváth, Balázs; Székely, István P. - International Monetary Fund (IMF) - 2001

This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU...

Persistent link: https://www.econbiz.de/10005826341

Quantifying Impact of Aging Population on Fiscal Space

Park, Seok Gil - International Monetary Fund (IMF) - 2012

This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact...

Persistent link: https://www.econbiz.de/10010790302

Fiscal Policy Response to External Crises the Case of Moldova 1998-2010

Qehaja, Driton - International Monetary Fund (IMF) - 2012

External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through...

Persistent link: https://www.econbiz.de/10010790375

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

Macroeconomic Effects of Public Pension Reforms

Pereira, Joana; Karam, Philippe D; Muir, Dirk; … - International Monetary Fund (IMF) - 2010

The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a … stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact …

Persistent link: https://www.econbiz.de/10008839358

Macroeconomic Effects of Pension Reform in Russia

Hauner, David - International Monetary Fund (IMF) - 2008

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

Pension Reform and the Fiscal Policy Stance

Gerson, Philip R.; Mackenzie, G. A.; Heller, Peter S.; … - International Monetary Fund (IMF) - 2001

The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends primarily on its effect on the sum of explicit and implicit public debt and on the...

Persistent link: https://www.econbiz.de/10005263836

1
2
3
4
5
6
7
8
9
10
Next
Last