flexibility, and be consistent with medium-term fiscal sustainability. Improving debt resolution instruments will help the banks …

income support, including for unemployment benefits, the minimum guaranteed income, and pensions. Rapid social spending … growth has funded substantial increases in unemployment and family benefits. …

rising employment and increasing reports of labor shortages and wage drift indicate intensifying pressures. …

small gains in employment and nominal wage growth barely matching inflation. Investment demand continued to expand …

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 …

further pressure on banks and the flow of credit. The authorities have made significant progress in revenue administration …