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In short, Cooper tells us not to worry about our current account or its underlying causes. I have a much darker and, I believe, more accurate view of our current account deficit. While I agree with much of what Cooper says, I disagree most strongly with his central thesis that the current...
Persistent link: https://www.econbiz.de/10005361312
Two contemporary issues provide reason to focus on national saving and investment: the debate over public pensions, and … pensions more generally, in all rich countries; and the large global current account imbalances, conceptually the difference …
Persistent link: https://www.econbiz.de/10005712135
Persistent link: https://www.econbiz.de/10005420144
Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...
Persistent link: https://www.econbiz.de/10010790493
Building and maintaining financial security is increasingly difficult for a growing portion of American households. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is growing and concentrating disproportionately among the...
Persistent link: https://www.econbiz.de/10005387163
Persistent link: https://www.econbiz.de/10005514461
The recent crisis and interest rate declines have put the financial sustainability of the Dutch occupational pension system under severe strain. The benefit-cutting measures have been received by the public as an unexpected and almost unknown option inherent in the pension contracts. Adding to...
Persistent link: https://www.econbiz.de/10011244315
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
This review of financial sector regulation and supervision in the Kingdom of the Netherlands—Netherlands Antilles explains banking, insurance, and pension fund supervision. The Netherlands Antilles is resolved to remove the perception created by placement of the jurisdiction in the...
Persistent link: https://www.econbiz.de/10005252612
This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third …
Persistent link: https://www.econbiz.de/10005263896