Generational accounts provide answers to a simple question: how much will future generations have to pay in net taxes as compared to today`s generations? In this paper, we review the concept of generational accounting and provide estimates for Sweden, where public finances deteriorated...

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...