Pension Reform and the Fiscal Policy Stance /

The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends primarily on its effect on the sum of explicit and implicit public debt and on the p...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Gerson, Philip
مؤلفون آخرون: Cuevas, Alfredo, Heller, Peter, Mackenzie, George
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2001.
سلاسل:IMF Working Papers; Working Paper ; No. 2001/214
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Gerson, Philip. 
245 1 0 |a Pension Reform and the Fiscal Policy Stance /  |c Philip Gerson, George Mackenzie, Peter Heller, Alfredo Cuevas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (16 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends primarily on its effect on the sum of explicit and implicit public debt and on the post-reform payroll tax and private system contribution rates. However, the precise impact of reform also depends on such influences as the relationship between the rates of interest on implicit and explicit public debt. There may be circumstances in which pension privatization, if not offset by fiscal consolidation, will loosen the fiscal stance. 
538 |a Mode of access: Internet 
700 1 |a Cuevas, Alfredo. 
700 1 |a Heller, Peter. 
700 1 |a Mackenzie, George. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/214 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/214/001.2001.issue-214-en.xml  |z IMF e-Library