Hidden Bibliographic Details
| Other authors / contributors: | Kumar, Manmohan S., author.
International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1283364093
9781283364096
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| Notes: | Includes bibliographical references (pages 55-58).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Demographic pressures will materialize in many economies over the next few decades. We examine the macroeconomic impact of alternative fiscal adjustment and structural reform strategies to address these global aging pressures using the IMF's Global Fiscal Model (GFM). The results suggest substantial spillover effects of aging through international financial channels. To maintain sustainability, fiscal adjustment needs to be broad-based, while avoiding increases in direct taxes. There are substantial benefits from fiscal cooperation, while negative growth effects can be offset by complementary structural reforms in product and labor markets with the benefits accruing early and to all income groups.
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| Other form: | Print version: Botman, Dennis (Dennis Petrus Johannes). Global aging pressures. [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., ©2007
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