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|z 9781451867510
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Leigh, Daniel.
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|a Ensuring Fiscal Sustainability in G-7 Countries /
|c Daniel Leigh, David Hauner, Michael Skaarup.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 two standard primary gap indicators. The estimated fiscal adjustment required to ensure long-run fiscal sustainability is substantial for all G-7 countries. In particular, ensuring fiscal sustainability would require an average improvement in the primary balance of about 4 percentage points of GDP. While the overall adjustment required to achieve long-run fiscal sustainability in G-7 countries is large, there are significant growth benefits to putting public finances on a sustainable footing in the near term versus delayed adjustment.
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|a Mode of access: Internet
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|a Hauner, David.
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|a Skaarup, Michael.
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|a IMF Working Papers; Working Paper ;
|v No. 2007/187
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/187/001.2007.issue-187-en.xml
|z IMF e-Library
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