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regime to be reformed also matters. This paper relates to The Political Economy of Reform: Lessons from Pensions, Product …
Persistent link: https://www.econbiz.de/10008542493
did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation …
Persistent link: https://www.econbiz.de/10009386332
The Czech fiscal position is generally sound and policy making is prudent. However, the fiscal framework was not strong enough to contain spending in the upturn and it would benefit from independent budget oversight. An anchor for the fiscal policy would be helpful, in the form of an explicit...
Persistent link: https://www.econbiz.de/10009394364
Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential reasons for these low investment rates and discusses policy options to achieve faster capital accumulation. A shortage of domestic saving appears to be a major constraint to...
Persistent link: https://www.econbiz.de/10009350673
With gross government debt surpassing 200% of GDP, Japan’s fiscal situation is in uncharted territory. In addition to robust nominal GDP growth, correcting two decades of budget deficits requires a large and sustained fiscal consolidation based on a detailed and credible multi-year plan that...
Persistent link: https://www.econbiz.de/10011276790
’espérance de vie permettrait de réduire les coûts des pensions et d’accroître l’emploi des travailleurs seniors, à condition d …
Persistent link: https://www.econbiz.de/10011276879
, as are the roles of prudential regulation and buffer or reserve funds in the case of shocks. Pension system vulnerability … indicators are presented for all OECD countries, and the challenges and vulnerabilities of pensions systems in the BRIICS … niveau adéquat des pensions. Les complémentarités et les choix de politiques sont analysés ainsi que les politiques d …
Persistent link: https://www.econbiz.de/10011276916
Brazil has made remarkable progress in reducing poverty and inequality. This reduction is explained by strong growth but also by effective social policies. Besides growth, public services and cash transfers have played the biggest role, the latter notably through the successful “Bolsa...
Persistent link: https://www.econbiz.de/10011276938
Poor labour-market outcomes remain one of Poland’s major structural weaknesses, impeding firms’ competitiveness and the nation’s potential output. Boosting employment prospects is also critical, as the country will soon be ageing at a fast pace. Despite long working hours, labour...
Persistent link: https://www.econbiz.de/10011276966
Getting tax and transfer systems to efficiently deliver sufficient revenues to achieve macroeconomic targets, address goals in re-distribution and social welfare, encourage employment, accommodate business-competitiveness concerns and incorporate environmental issues is difficult. In Australia,...
Persistent link: https://www.econbiz.de/10011276985