Czech Republic: Selected Issues
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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. 2005/275
Subject:
Aging Expenditure Financial statements Health care spending Pension spending Population and demographics Production Productivity Public financial management (PFM)
English
Publication Date:
August 8, 2005
ISBN/ISSN:
9781451810226/1934-7685
Stock No:
1CZEEA2005001
Pages:
66
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