LEADER 02709nam 2200601Ia 450 001 9910821265303321 005 20200520144314.0 010 $a1-4623-0137-1 010 $a1-4527-5620-1 010 $a1-282-39209-3 010 $a9786613820525 010 $a1-4519-0889-X 035 $a(CKB)3360000000443092 035 $a(EBL)3014400 035 $a(SSID)ssj0000942099 035 $a(PQKBManifestationID)11500771 035 $a(PQKBTitleCode)TC0000942099 035 $a(PQKBWorkID)10972021 035 $a(PQKB)10837854 035 $a(OCoLC)712989263 035 $a(IMF)WPIEE2006095 035 $a(MiAaPQ)EBC3014400 035 $a(EXLCZ)993360000000443092 100 $a20061002d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacroeconomic effects and policy challenges of population aging /$fprepared by Natalia T. Tamirisia and Hamid Faruqee 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund, IMF Institute$d2006 215 $a1 online resource (25 p.) 225 1 $aIMF working paper ;$vWP/06/95 300 $a"April 2006." 311 $a1-4518-6355-1 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. THEORY AND MODEL""; ""III. CALIBRATION AND EXPERIMENTS""; ""IV. SIMULATIONS""; ""V. CONCLUSION""; ""REFERENCES"" 330 3 $aThis paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where population aging is proceeding at a pace comparable to that in other advanced countries in Europe. Simulations show that population aging is likely to slow economic growth and improvements in living standards. Although reforms to raise labor force participation and productivity growth can mitigate these adverse effects, they are unlikely to eliminate the need for fiscal reforms. The budget will come under pressure from rising age-related expenditures, and consolidation will be needed to preserve debt sustainability. 410 0$aIMF working paper ;$vWP/06/95. 606 $aPopulation aging$xEconomic aspects 606 $aAge distribution (Demography) 615 0$aPopulation aging$xEconomic aspects. 615 0$aAge distribution (Demography) 700 $aTamirisia$b Natalia T$01749848 701 $aFaruqee$b Hamid$01600117 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910821265303321 996 $aMacroeconomic effects and policy challenges of population aging$94184300 997 $aUNINA