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Macroeconomic and Fiscal Implications of Population Aging in Bulgaria
Onder, Harun - 2017
Bulgaria is in the midst of a serious demographic transition that will shrink its population at one of the highest rates in the world within the next few decades. This study analyzes the macroeconomic and fiscal implications of this demographic transition by using a long-term model, which...
Persistent link: https://www.econbiz.de/10012973513
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On the Impact of Demographic Change on Growth, Savings, and Poverty
Cruz, Marcio - 2017
Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over...
Persistent link: https://www.econbiz.de/10012968199
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Macroeconomic and Policy Implications of Population Aging in Brazil
Jorgensen, Ole Hagen - 2017
This paper analyzes the macroeconomic implications of population aging in Brazil. Three alternative yet complementary methodologies are adopted, and depending on policy responses to the fiscal implications of aging, there are two main findings: First, saving rates could increase and not...
Persistent link: https://www.econbiz.de/10012976226
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Effects of Fiscal Policy Shocks in an Open Economy : Evidence from Canada
Tsoungui Belinga, Vincent De Paul - 2017
What is the impact of fiscal policy shocks on key macroeconomic variables in Canada? This question triggered renewed … interest in the aftermath of the 2008-09 Great Recession. Indeed, as in many advanced economies, fiscal policy in Canada … explicitly accounts for spillovers from the U.S., Canada's main trading partner, and for oil price fluctuations. The findings …
Persistent link: https://www.econbiz.de/10012969405
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Infrastructure for Growth and Human Development in Pakistan : A Simulation Analysis of Fiscal Policy Options
Kinnunen, Jouko - 2017
This paper explores the use of fiscal policy to accelerate development in Pakistan during the period 2013-2022, with a focus on the creation of fiscal space for increased investment in infrastructure, as well as on indicators related to macro and sectoral developments, Millennium Development...
Persistent link: https://www.econbiz.de/10012974067
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Fiscal Policy and Debt Dynamics in Developing Countries
Ilzetzki, Ethan - 2017
Using a new tax database for 28 countries and a variety of econometric methods, this paper contributes to the debate on the effects of fiscal policy on economic activity in a number of ways. The analysis finds that tax cuts have a stimulative effect on economic growth in developing countries....
Persistent link: https://www.econbiz.de/10012975998
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The Quality of Fiscal Adjustment and the Long-Run Growth Impact of Fiscal Policy in Brazil
Blanco, Fernando - 2016
The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10012747922
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Managing (Fiscally) Resource Price Volatility : Exploring Policy Options for the Democratic Republic of Congo
Moreira, Emmanuel Pinto - 2017
How should resource-dependent countries respond (fiscally) to resource price volatility? This paper studies what determines revenue allocation between a "spend today" strategy and a "save now-spend tomorrow" approach in the context of the Democratic Republic of Congo (DRC). It uses a...
Persistent link: https://www.econbiz.de/10012967894
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Reform and Backlash to Reform : Economic Effects of Ageing and Retirement Policy
Hougaard Jensen, Svend E. - 2017
Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on labor...
Persistent link: https://www.econbiz.de/10012976298
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Health, Demographic Transition and Economic Growth
Jorgensen, Ole Hagen - 2017
This paper develops a link between four central components of the demographic transition: survival rates; fertility decisions; altruistic intergenerational transfers from workers toward their parents; and economic growth. An increase in child survival is found to reduce the fertility rate and...
Persistent link: https://www.econbiz.de/10012976542