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Supporting the implementation of sustainable social protection floors
Supporting the implementation of sustainable social protection floors

... assessment-based national dialogue (ABND) exercises in East / South East Asia / Pacific ...
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總體1/2003 第二次考試班級: 學號: 姓名:
總體1/2003 第二次考試班級: 學號: 姓名:

... b. Long lags may cause stabilization policies to in fact destabilize the economy. c. Monetary policy affects aggregate demand by changing interest rates. d. Fiscal policy must go through a long political process. Ch 29 13. If the Fed conducts open-market purchases, the money supply a. increases and ...
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Costa_Rica_en.pdf

... international prices as well. Exports also contracted, but at a lesser rate of some 7%. In the first half of 2009, exports from free zones fell sharply, but towards the end of the year the pace of the decline had slowed. ...
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Costa_Rica_en.pdf

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... Box Occupational pensions in the Netherlands In the Netherlands Dutch pension funds, insurers and premium pension institutions can offer work related pension schemes. Pension funds are the biggest provider and predominantly operate DB schemes based mostly on an average pay plan. They guarantee nomin ...
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Pensions crisis

The pensions crisis is a predicted difficulty in paying for corporate, state, and federal pensions in the United States and Europe, due to a difference between pension obligations and the resources set aside to fund them. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). There is significant debate regarding the magnitude and importance of the problem, as well as the solutions.For example, as of 2008, the estimates for the underfunding of U.S. states' pension programs range from $1 trillion using the discount rate of 8% to $3.23 trillion using U.S. Treasury bond yields as the discount rate. The present value of unfunded obligations under Social Security as of August 2010 was approximately $5.4 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the program's shortfall between tax revenues and payouts over the next 75 years.Some economists question the concept of funding, and, therefore underfunding. Storing funds by governments, in the form of fiat currencies, is the functional equivalent of storing a collection of their own IOUs. They will be equally inflationary to newly written ones when they do come to be used.Reform ideas are in three primary categories: a) Addressing the worker-retiree ratio, via raising the retirement age, employment policy and immigration policy; b) Reducing obligations via shifting from defined benefit to defined contribution pension types and reducing future payment amounts (by, for example, adjusting the formula that determines the level of benefits); and c) Increasing resources to fund pensions via increasing contribution rates and raising taxes.
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