Finance & Development, June 2011.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. External Relations Department.

Series:

Finance & Development; Finance & Development No 0048/002

Finance & Development

Language:

English

Subjects (All):

International economic relations--Periodicals.

International economic relations.

Economic stabilization--International cooperation--Periodicals.

Economic stabilization.

Population aging--Economic aspects--Periodicals.

Population aging.

Physical Description:

1 online resource (216 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

'Wising Up to the Costs of Aging' looks at how falling fertility and rising life expectancy have combined to threaten the ability of many countries to provide a decent standard of living for the old without imposing a crushing burden on the young. In our lead article, Ronald Lee and Andrew Mason say that while population aging in rich industrial countries as well as in some middle- and lower-income countries will challenge public and private budgets in many ways, a combination of reduced consumption, postponed retirement, increased asset holdings, and greater investment in human capital should make it possible to meet this challenge without catastrophic consequences. Neil Howe and Richard Jackson publish a fascinating ranking of which countries are best and worst prepared to meet the needs of the growing wave of retirees. We also have articles on a broad range of current topics, including Middle East unemployment, the economic repercussions of the earthquake and devastating tsunami in Japan, and banking in offshore financial centers such as the Cayman Islands. Carmen Reinhart and Jacob Kirkegaard look at how governments are finding ways to manipulate markets to hold down the cost of financing huge public debts, and, in Straight Talk, the IMF's Min Zhu talks about the long-term challenges now facing emerging markets. Prakash Loungani speaks to Nobel Prize winner George Akerlof, and we discuss with three other laureates-Michael Spence, Joseph Stiglitz, and Robert Solow-what the global economic crisis has taught us. Back to Basics explains economic models, and Picture This highlights the great variations in the cost of sending money back home.

Contents:

Cover Page; Title Page; Copyright Page; Contents; Departments; Also In This Issue; WISING UP TO THE COSTS OF AGING; People in Economics; The Price of Maturity; Geriatric Deadbeats; Beyond Retirees; How Ready for Pensioners?; Balancing the Burden; Financial Repression Redux; Making Friends; Esprit de Currency; Picture This; Closing the Jobs Gap; Shaken to the Core; Bankers on the Beach; Back to Basics; Straight Talk; Rethinking Economics in a Changed World; Data Spotlight; Book Reviews

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 25, 2014).

ISBN:

9786613849311

9781462390953

1462390951

9781462351602

1462351603

9781283536868

1283536862

9781462378845

1462378846