Czech Republic: Selected Issues

August 8, 2005

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Format: Chicago

Czech Republic: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 23, 2024

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

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/275
Stock No:

1CZEEA2005001
ISBN:

9781451810226
ISSN:

1934-7685

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