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Author : Henrik Braconier
Publisher : Nordic Council of Ministers
Page : 36 pages
File Size : 52,6 Mb
Release : 2000
Category : Older people
ISBN : 9289304774
Fullst.tit.: Public Pension Systems and the Cyclical Sensitivity of Public Finances in the Nordic Countries. Engelsk tekst.
Author : Henrik Braconier,Steinar Holden
Publisher : Nordic Council of Ministers
Page : 94 pages
File Size : 44,5 Mb
Release : 1999
Category : Business cycles
ISBN : 9289303689
Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 61 pages
File Size : 50,7 Mb
Release : 2016-11-17
Category : Business & Economics
ISBN : 9781475554618
This paper discusses the findings of the Financial System Stability Assessment for Sweden. The Swedish financial system is large and highly interconnected, putting a premium on the accompanying policy framework. Relative to the size of the domestic economy, the financial system is among Europe’s largest. It features complex domestic and international linkages, reflecting Sweden’s role as a regional financial hub. However, the macrofinancial risks have grown since 2011, for example the rising share of highly indebted households. Stress tests also suggest that banks and nonbanks are largely resilient to solvency shocks, but concerns persist about the ability of bank models to capture unexpected losses.
Author : Lars Calmfors
Publisher : Unknown
Page : 128 pages
File Size : 52,6 Mb
Release : 2020
Category : Electronic
ISBN : 9289365641
Public finances in the Nordics are facing great future challenges due to demographic developments. Increasing longevity is changing the age structure of the population, significantly raising the share of older people and thus the old-age dependency ratio. Over the last two decades, there has been a strong international trend to strengthen fiscal frameworks by adopting more stringent fiscal rules as well as increasing transparency and accountability. A first aim of the report is to survey and evaluate the fiscal frameworks in the Nordic countries. A second aim is to review how long-run sustainability analyses of public finances are made - and communicated to policy-makers and the general public - in the Nordics, by Ministries of Finance as well as by other institutions. The report also concludes the severity of the fiscal-sustainability problems in the Nordic countries.
Author : Gregorio Impavido,Ian Tower
Publisher : International Monetary Fund
Page : 58 pages
File Size : 42,5 Mb
Release : 2009-07
Category : Business & Economics
ISBN : IND:30000111481895
We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending's import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves to offset the real appreciation would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness resulting from "Dutch Disease" effects could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 53 pages
File Size : 48,8 Mb
Release : 2002-03-07
Category : Business & Economics
ISBN : 9781451829686
This 2001 Article IV Consultation highlights that the real mainland (non-oil) GDP of Norway is estimated to have grown well below potential in 2001, at 11⁄4 percent. Although high oil prices supported household confidence and domestic activity through most of the year, the global slowdown has recently begun to affect Norway. Labor market conditions remain tight in service sectors, but weakened in technology and traditional export industries. Despite high domestic cost increases, consumer price inflation has been held in check by low krone import prices.
Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 85 pages
File Size : 47,9 Mb
Release : 2019-06-24
Category : Business & Economics
ISBN : 9781498321112
This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Author : OECD
Publisher : OECD Publishing
Page : 156 pages
File Size : 43,9 Mb
Release : 2011-12-12
Category : Electronic
ISBN : 9789264117426
OECD's 2011 Economic Survey of the Russian Federation examines recent economic developments, policies and prospects; the business climate, the fiscal framework, monetary policy, and energy efficiency.
Author : OECD
Publisher : OECD Publishing
Page : 165 pages
File Size : 40,9 Mb
Release : 1997-03-14
Category : Electronic
ISBN : 9789264149625
This 1997 edition of OECD's periodic review of Norway's economy includes chapters covering recent developments and short-term prospects, fiscal and monetary policy and structural reform, implementing the OECD Jobs Strategy, and education and education and training.
Author : OECD
Publisher : OECD Publishing
Page : 146 pages
File Size : 51,5 Mb
Release : 2007-02-14
Category : Electronic
ISBN : 9789264031982
In this 2007 edition of OECD's periodic survey of Sweden's economy, OECD finds strong macroeconomic performance and impressive productivity growth coupled with persistently low inflation. The expansion is set to continue. Among the challenges ...
Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 73 pages
File Size : 41,5 Mb
Release : 2009-12-11
Category : Business & Economics
ISBN : 9781498335164
The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules in supporting fiscal consolidation, discusses the design and implementation of rules based on a new data base spanning the whole Fund membership, and explores the fiscal framework that could be adopted as countries emerge from the crisis.
Author : Robert Holzmann
Publisher : World Bank Publications
Page : 246 pages
File Size : 54,7 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 9780821360408
The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.
Author : Anonim
Publisher : Unknown
Page : 96 pages
File Size : 53,5 Mb
Release : 2010
Category : Old age pensions
ISBN : UCSD:31822036616514
Recoge: 1. An introduction to pensions reform- 2. A decade in pension reform in the EU - 3. The impact of the crisis - 4. Policy challenges over the long-term - 5. Policy implications.
Author : Edward Whitehouse
Publisher : World Bank Publications
Page : 286 pages
File Size : 53,9 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 9780821361856
This is the first comprehensive assessment of pension systems in the Middle East and North Africa. While other regionsCentral Asia, Eastern Europe, and Latin America, in particularhave been actively introducing reforms to their pension systems, Middle East and North African countries have lagged behind. This is explained, in part, by the common belief that, because demographics remain favorablethe countries are young and the labor force is expanding rapidlyfinancial problems are far in the future; as a result, pension reform does not have to be a priority in the broader policy agenda.However, the authors show that aging is not the only factor behind a financial crisis; the problem is the generosity of the current schemes. Moreover, badly designed benefit formulas and eligibility conditions introduce unnecessary economic distortions and make the systems vulnerable to adverse distributional transfers. The book does not present a general model that could solve the problems of all pension systems in Middle East and North Africa countries. Instead the authors focus on outlining a framework for guiding discussions on pension reform and making objective policy choices.This assessment will be useful for policy makers and government officials involved in pension reform in the Middle East and North Africa region.
Author : Mr.J. D. Craig,Mr.George Kopits
Publisher : International Monetary Fund
Page : 50 pages
File Size : 43,6 Mb
Release : 1998-02-03
Category : Business & Economics
ISBN : 9781557756978
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.