IMF Staff Country Reports

Czech Republic: Selected Issues

August 8, 2005

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International Monetary Fund. "Czech Republic: Selected Issues", IMF Staff Country Reports 2005, 275 (2005), accessed July 14, 2025, https://doi.org/10.5089/9781451810226.002

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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.

Subject: Aging, Expenditure, Financial statements, Health care spending, Pension spending, Population and demographics, Production, Productivity, Public financial management (PFM)

Keywords: Age-earnings profile, Aging, Chapter II, Chapter IV, CR, Financial asset, Financial statements, Global, Health care spending, Implications of capital account volatility, ISCR, Monetary policy implication, Pension spending, Productivity

Publication Details

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