Pension Reform and the Fiscal Policy Stance

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 post-reform payroll tax and private system... READ MORE...

Publication date: December 2001
ISBN 9781451874990
$15.00

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