Czech Republic : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

August 8, 2005

Electronic Access:

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Summary:

This Selected Issues paper on the Czech Republic presents an analysis of various aspects of population aging: its macroeconomic effects; impact on fiscal sustainability; and implications for private savings. The paper simulates the macroeconomic effects of population aging in the Czech Republic using an overlapping-generations model. It finds that aging can significantly weaken the outlook for economic growth and living standards. The paper evaluates the fiscal implications of aging using a generational-accounting framework. It also evaluates the monetary policy implications of capital account volatility—as the relative importance of portfolio flows increases.

Series:

Country Report No. 05/275

Subject:

English

Publication Date:

August 8, 2005

ISBN/ISSN:

9781451810226/1934-7685

Stock No:

1CZEEA2005001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

66

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