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Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability

Botman, Dennis P. J.; Tuladhar, Anita - International Monetary Fund (IMF) - 2008

The Czech Republic has embarked on an ambitious tax reform and expenditure package to bring the deficit sustainably below 3 percent, and intends to reduce the deficit to 1 percent of GDP by 2012. To address the long-term fiscal challenge due to population aging, pension reform proposals are also...

Persistent link: https://www.econbiz.de/10005263864

Population Aging and Long-Term Fiscal Sustainability in Austria

Eskesen, Leif Lybecker - International Monetary Fund (IMF) - 2002

Austria faces significant population aging. This will increase public spending on pensions, health care, and long …-term care, while tax and social security revenues will fall. This paper analyzes the fiscal burden facing Austria due to aging … and the policy steps necessary to address it. The paper finds that Austria is not well prepared to meet the fiscal burden …

Persistent link: https://www.econbiz.de/10005263966

Monthly Report No. 4/2011

Astrov, Vasily; Hanzl-Weiss, Doris; Keller-Krawczyk, Lech; … - Wiener Institut für Internationale … - 2011

Supply-demand imbalanced drive food prices (by Zdenek Lukas; pp. 1-6) Keywords agricultural production, food supply and demand, food prices, inflation Countries covered EU, New EU Member States Topics Sectoral studies; Macroeconomic Analysis and Policy The gas and electricity sectors of the...

Persistent link: https://www.econbiz.de/10010757520

Chapter 3. Computable General Equilibrium Assessments of Fiscal Sustainability in Norway

Holmy, Erling; Strm, Birger - In: Handbook of computable general equilibrium modeling : …, (pp. 105-158). 2013

The chapter demonstrates how the computable general equilibrium model MSG6, combined with special models of government expenditures, has been used to assess the long-run fiscal sustainability in Norway. The simulations suggest that Norway faces a severe fiscal sustainability problem in the long...

Persistent link: https://www.econbiz.de/10014025288

Austria; 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria

International Monetary Fund (IMF); International … - 2005

This 2005 Article IV Consultation highlights that economic activity in Austria gathered speed in 2004, supported mostly …

Persistent link: https://www.econbiz.de/10005824962

Italy; 2004 Article IV Consultationâ€”Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy...

International Monetary Fund (IMF); International … - 2005

This 2004 Article IV Consultation highlights that a cyclical recovery is under way for Italy, with real GDP having risen by 1.2 percent in the first three quarters of 2004 relative to the same period of the previous year, thanks to the favorable external environment and a recovery of investment....

Persistent link: https://www.econbiz.de/10005825131

Belgium; 2003 Article IV Consultationâ€”Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2004

Long-term issues continue to dominate the economic policy agenda. The economy is expected to grow at a moderate pace. The challenge from aging is becoming more pressing, calling for sustained fiscal consolidation. The elaboration of a medium-term fiscal framework based on expenditure growth...

Persistent link: https://www.econbiz.de/10005825326

Addressing Korea's Long-Term Fiscal Challenges

Syed, Murtaza H.; Skaarup, Michael; Feyzioglu, Tarhan - International Monetary Fund (IMF) - 2008

Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one of the youngest populations in the OECD to among the oldest in record time. In turn, this shift will put tremendous pressure on the pension system and health and long-term care...

Persistent link: https://www.econbiz.de/10005825781

The Role of Medium-Term Fiscal Frameworks for Transition Countries; The Case of Bulgaria

Horváth, Balázs; Székely, István P. - International Monetary Fund (IMF) - 2001

This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU...

Persistent link: https://www.econbiz.de/10005826341

Ensuring Fiscal Sustainability in G-7 Countries

Leigh, Daniel; Hauner, David; Skaarup, Michael - International Monetary Fund (IMF) - 2007

Rising longevity, falling fertility rates, and the retirement of the baby boom generation will substantially raise age-related government spending in most advanced and many emerging market countries. This paper assesses the evolution of fiscal sustainability for each of the G-7 countries using...

Persistent link: https://www.econbiz.de/10005769069