Putting the pension system on a sustainable footing arguably remains the biggest challenge in Russia's economic …

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 … system. This paper argues that a way forward is to separate the legacy problem from the problem of setting up a new pension …

The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper … heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in … retirement. …

The paper explores the macroeconomic effects of three public pension reforms, namely an increase in retirement age, a … Monetary and Fiscal model (GIMF), we find that public pension reforms can have a positive effect on growth in both the short … stronger capital accumulation due to higher world savings. An increase in the retirement age reform yields the strongest impact …

establish an adequate and farsighted policy framework in the areas of pensions, health insurance, and labor market policies. …

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 … identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management …

substantial expected increase in pension outlays. It compares the current fiscal rule, which targets a (central government … structural) non-oil deficit equal to 4 percent of Government Pension Fund assets, with three alternatives that save a larger …

This paper examines the international experience with full-fledged inflation targeting monetary regimes. Stylized facts … are brought together from a review of the institutional elements of inflation targeting frameworks, a comparison of actual … and targeted inflation outcomes, and case studies of large inflation target misses. Inflation targets are missed about 40 …

This paper evaluates the macroeconomic and welfare effects of extending the averaging period used to calculate pension … those increasing the retirement age under alternative tax policies. The analysis is based on a model in the Auerbach … pressures at the peak of the demographic shock as much as increasing the retirement age in line with life expectancy (4 …

This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated … with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of … of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and …