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Demographics, Old-Age Transfers and the Current Account1

Demographics, Old-Age Transfers and the Current Account1 »

Source: Demographics, Old-Age Transfers and the Current Account

Volume/Issue: 2018/264

Series: IMF Working Papers

Author(s): Mai Chi Dao , and Callum Jones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2018

ISBN: 9781484385906

Keywords: Pensions, Demographic indicators, Current account balances, Current account surpluses, Capital flows, Aging, Demographics, Current Account Flows, External Imbalances, General

Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overla...

A Tradeoff between the Output and  Current Account Effects of Pension Reform

A Tradeoff between the Output and Current Account Effects of Pension Reform »

Volume/Issue: 2012/283

Series: IMF Working Papers

Author(s): Mario Catalan , and Nicolas Magud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2012

DOI: http://dx.doi.org/10.5089/9781475563948.001

ISBN: 9781475563948

Keywords: Pension reform, external balance, dyamic general equilibrium model, pension, retirement, retirement age, pension benefits, benefits, Open Economy Macroeconomics, Social Security and Public Pensions,

We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targe...

Demographics, Old-Age Transfers and the Current Account

Demographics, Old-Age Transfers and the Current Account »

Volume/Issue: 2018/264

Series: IMF Working Papers

Author(s): Mai Chi Dao , and Callum Jones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2018

DOI: http://dx.doi.org/10.5089/9781484385906.001

ISBN: 9781484385906

Keywords: Pensions, Demographic indicators, Current account balances, Current account surpluses, Capital flows, Aging, Demographics, Current Account Flows, External Imbalances, General

Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overla...

Investment Objectives of Sovereign Wealth Funds
			: A Shifting Paradigm

Investment Objectives of Sovereign Wealth Funds : A Shifting Paradigm »

Volume/Issue: 2011/19

Series: IMF Working Papers

Author(s): Iva Petrova , Jukka Pihlman , Peter Kunzel , and Yinqiu Lu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

DOI: http://dx.doi.org/10.5089/9781455211968.001

ISBN: 9781455211968

Keywords: Portfolio Choice, Investment and Risk Management, Government Policy and Regulation, pension, pension reserve, investment objectives, pension fund, risk management, International Finance: General, General Financial Markets: Government Policy and Regulation,

While SWF investment objectives to some extent reflect inherent characteristics, notable differences in strategic asset allocation (SAA) exist even amongst SWFs of similar types. Even so, this paper shows that the...

Pension Reform, Private Saving, and the Current Account in a Small Open Economy

Pension Reform, Private Saving, and the Current Account in a Small Open Economy »

Volume/Issue: 2000/171

Series: IMF Working Papers

Author(s): Axel Schimmelpfennig

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

DOI: http://dx.doi.org/10.5089/9781451858495.001

ISBN: 9781451858495

Keywords: pension reform, saving, pension, private saving, pension system, payroll tax

The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. Wi...

Sovereign Wealth Funds
			: Current Institutional and Operational Practices

Sovereign Wealth Funds : Current Institutional and Operational Practices »

Volume/Issue: 2008/254

Series: IMF Working Papers

Author(s): Peter Kunzel , Cornelia Hammer , and Iva Petrova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2008

DOI: http://dx.doi.org/10.5089/9781451871128.001

ISBN: 9781451871128

Keywords: Governance and Accountability, Investment and Risk Management, risk management, pension, legal entity, legal entities, internal audit,

While SWFs as a group share broad common institutional and operational practices, these practices also differ considerably reflecting the diversity of these institutions. These differences derive from the nature of...

Investment Objectives of Sovereign Wealth Funds

Investment Objectives of Sovereign Wealth Funds »

Source: Investment Objectives of Sovereign Wealth Funds : A Shifting Paradigm

Volume/Issue: 2011/19

Series: IMF Working Papers

Author(s): Iva Petrova , Jukka Pihlman , Peter Kunzel , and Yinqiu Lu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455211968

Keywords: Portfolio Choice, Investment and Risk Management, Government Policy and Regulation, pension, pension reserve, investment objectives, pension fund, risk management, International Finance: General, General Financial Markets: Government Policy and Regulation,

While SWF investment objectives to some extent reflect inherent characteristics, notable differences in strategic asset allocation (SAA) exist even amongst SWFs of similar types. Even so, this paper shows that the...

Pension Reform, Private Saving, and the Current Account in a Small Open Economy

Pension Reform, Private Saving, and the Current Account in a Small Open Economy »

Source: Pension Reform, Private Saving, and the Current Account in a Small Open Economy

Volume/Issue: 2000/171

Series: IMF Working Papers

Author(s): Axel Schimmelpfennig

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

ISBN: 9781451858495

Keywords: pension reform, saving, pension, private saving, pension system, payroll tax

The macroeconomic implications of a pension reform that substitutes a high-return fully-funded system for a low-return pay-as-you-go system are discussed in an overlapping generations, neoclassical growth model. Wi...

Sovereign Wealth Funds

Sovereign Wealth Funds »

Source: Sovereign Wealth Funds : Current Institutional and Operational Practices

Volume/Issue: 2008/254

Series: IMF Working Papers

Author(s): Peter Kunzel , Cornelia Hammer , and Iva Petrova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2008

ISBN: 9781451871128

Keywords: Governance and Accountability, Investment and Risk Management, risk management, pension, legal entity, legal entities, internal audit,

While SWFs as a group share broad common institutional and operational practices, these practices also differ considerably reflecting the diversity of these institutions. These differences derive from the nature of...

A Tradeoff between the Output and  Current Account Effects of Pension Reform

A Tradeoff between the Output and Current Account Effects of Pension Reform »

Source: A Tradeoff between the Output and Current Account Effects of Pension Reform

Volume/Issue: 2012/283

Series: IMF Working Papers

Author(s): Mario Catalan , and Nicolas Magud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2012

ISBN: 9781475563948

Keywords: Pension reform, external balance, dyamic general equilibrium model, pension, retirement, retirement age, pension benefits, benefits, Open Economy Macroeconomics, Social Security and Public Pensions,

We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targe...