| Description |
1 online resource (18 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/05/71 |
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IMF working paper ; WP/05/71.
|
| Contents |
Contents -- I. INTRODUCTION -- II. SOME SIMPLE ARITHMETIC -- III. SIMULATING EXPENDITURE UNDER THE FOUR RULES -- IV. CONCLUDING REMARKS -- REFERENCES |
| Summary |
Projections of age-related public expenditure growth have raised widespread concerns about fiscal sustainability. This paper examines how total expenditure would develop under four policy rules on public expenditure growth. Some simple arithmetic of expenditure, GDP, and population is reviewed and applied in simulations for 19 member countries of the Organization for Economic Cooperation and Development (OECD) over 2000-50. A general and a specific conclusion arise from the results in this paper: Generally, long-term expenditure projections could benefit from revisiting common assumptions on non-agerelated expenditure growth. Specifically, under realistic assumptions, the belt-tightening required to maintain fiscal sustainability under age-related spending pressures could be less painful than commonly thought |
| Notes |
"Arpil 2005." |
|
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 MiAaHDL |
|
English |
|
Print version record |
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digitized 2015 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Aging -- OECD countries
|
|
Fiscal policy -- OECD countries
|
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Aging
|
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Expenditures, Public
|
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Fiscal policy
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| SUBJECT |
OECD countries -- Appropriations and expenditures
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| Subject |
OECD countries
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| Form |
Electronic book
|
| Author |
International Monetary Fund. Fiscal Affairs Department, issuing body.
|
| ISBN |
1282107801 |
|
9781282107809 |
|
9781451906264 |
|
1451906269 |
|
1462384145 |
|
9781462384143 |
|
1451988370 |
|
9781451988376 |
|
9786613801159 |
|
6613801151 |
|
