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ISBN: 1475516274 1475505124 1475572034 1475568754 9781475516272 9781475505122 9781475568752 9781475505122 9781475568752 9781475572032 Year: 2012 Publisher: Washington, D.C. : International Monetary Fund,
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This paper quantitatively investigates how population aging trend affects fiscal space measured as unused revenue generating capacity by utilizing a standard neoclassical growth model. A calibration exercise for G-7 countries shows that France, Germany and Italy suffer greater revenue impact from a given reduction in hours worked due to their larger government expenditure. Corrective measures such as pension reform and flexible expenditure policy would be required in order to mitigate the impact of aging on fiscal space.
Business & Economics --- Demography --- Finance, Public. --- Population policy. --- Population planning --- Cameralistics --- Public finance --- Social policy --- Currency question --- Population aging --- Fiscal policy --- Econometric models --- E-books --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Aging of population --- Aging population --- Aging society --- Demographic aging --- Graying (Demography) --- Greying (Demography) --- Age distribution (Demography) --- Government policy --- Public finances --- Macroeconomics --- Public Finance --- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Taxation, Subsidies, and Revenue: General --- Fiscal Policy --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Labor Economics: General --- National Government Expenditures and Related Policies: General --- Public finance & taxation --- Welfare & benefit systems --- Labour --- income economics --- Revenue administration --- Fiscal space --- Labor taxes --- Labor --- Expenditure --- Revenue --- Income tax --- Labor economics --- Expenditures, Public --- United States --- Income economics
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ISSN: 19347685 ISBN: 9781475591811 1475591810 1475591497 9781475591491 1475591799 1475591845 9781475591491 1475591888 Year: 2017 Publisher: Washington, D.C. : International Monetary Fund,
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This 2016 Article IV Consultation highlights broad-based economic recovery in the Netherlands, which has been gathering speed. Real growth is forecast to reach 2.1 percent in 2016 owing to strong consumption and investment, reflecting improving confidence and rising housing prices, while net exports are expected to slow as a result of weak external demand. Unemployment has been rapidly declining against the backdrop of an increasing labor supply. The economy is expected to keep its momentum in the coming years. Domestic consumption and investment are forecast to remain the main drivers of growth, prompting a gradual decline in the current account surplus. Inflation is expected to pick up along with the closing of the output gap.
Fiscal policy. --- Fiscal policy --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Government policy --- Labor --- Macroeconomics --- Real Estate --- Industries: Financial Services --- Infrastructure --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Housing Supply and Markets --- Demand and Supply of Labor: General --- Labor Economics: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Labour --- income economics --- Welfare & benefit systems --- Property & real estate --- Finance --- Econometrics & economic statistics --- Labor taxes --- Housing prices --- Labor markets --- Taxes --- Prices --- National accounts --- Income tax --- Labor market --- Labor economics --- Saving and investment --- Netherlands, The --- Financial institutions --- State supervision --- Banks and Banking --- Finance: General --- Public Finance --- Financial Institutions and Services: Government Policy and Regulation --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Social Security and Public Pensions --- Banking --- Pensions --- Stress testing --- Insurance companies --- Pension spending --- Financial sector policy and analysis --- Expenditure --- Commercial banks --- Banks and banking --- Financial risk management --- Income economics
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