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LatinAmerica
LatinAmerica

... – Decrease Government Spending (no subsidies) – Privatization to relief financial burden – Stabilizes Index Prices & Wages to control inflation – Removal of Tariff Barriers (from Import Substitution Industrialization Policy to Export Oriented Trade Policy) ...
Understanding our Economy and Our Current Government Policies
Understanding our Economy and Our Current Government Policies

... • Public debt, both marketable debt and promises to citizens, crowds out capital investment. • The almost unprecedented increase in the ability of the population to move resources to the future using debt rather than capital could result in a significant reduction in the rate of economic growth in t ...
Name:
Name:

... A person wanting to preserve the size of government might favor a tax hike and would want to preserve government-spending programs. Someone who thinks that the public sector is too large might favor cuts in government spending since this would reduce the size of government. ...
Name:
Name:

... wanting to preserve the size of government might favor a tax hike and would want to preserve government-spending programs. Someone who thinks that the public sector is too large might favor cuts in government spending since this would reduce the size of government. ...
Peru_en.pdf
Peru_en.pdf

... US$ 3.4 billion in reserves during the first four months of the year to selling US$ 5.3 billion between May and September 2013. Thus, the central bank’s foreign exchange position stood at US$ 43.7 billion in September 2013, while net international reserves totaled US$ 66.4 billion. As a result of th ...
C. Measures to boost economic growth
C. Measures to boost economic growth

... system, for individuals with pensions higher than the gross average wage in the economy ...
Dominican_Republic_en.pdf
Dominican_Republic_en.pdf

... As in 2007, GDP growth in 2008 was mainly driven by internal demand. It was particularly strong in the first half of the year, with annualized real growth of 13%. Over the year as a whole, private consumption and gross fixed investment were the main engines of growth. The growth of public spending i ...
Forecasting the Financial Future for VFC Localities
Forecasting the Financial Future for VFC Localities

... “In setting the employer retirement contribution rates in subsequent biennia, the Board shall calculate a separate, supplemental employer contribution rate that will amortize the FY 2011 and 2012 contribution shortfalls over a 10-year period using the Board's assumed long-term rate of return. The Go ...
Brazil_en.pdf
Brazil_en.pdf

... index between September 2008 and September 2009, the value of the currency rose 9.5% in real terms. According to ECLAC data, the real effective exchange rate dropped 3.4% in the 12 months ending September 2009. In terms of fiscal policy, one of the principal measures adopted was to temporarily (betw ...
Haiti_en.pdf
Haiti_en.pdf

... of the year and the presidential election for year-end. The monetary base expanded by 14%. From May 2009 onwards, the central bank began lowering its benchmark rate (from 7% to 3.9% overall), which represented a loosening of its monetary policy stance. Bank interest rates also fell, although less sh ...
INSIGHTS FROM NEW ZEALAND ON THE `GIG` ECONOMY
INSIGHTS FROM NEW ZEALAND ON THE `GIG` ECONOMY

... TEMPORARY AND PART-TIME WORK IN NEW ZEALAND (2012) KEY FACTS ...
LIST OF CHARTS
LIST OF CHARTS

... Rates of Growth of Money Supply (M2), Net Foreign Assets (NFA) and Domestic Credit (DC) Components and Sources of Reserve Money Average Money Multiplier and Income Velocity of Circulation of Money Selected Items of Class A Banks' Assets and Liabilities Deposits with Class A Banks Average Excess Cash ...
N
N

... highly indebted. On both sides of the Atlantic, budget deficits have increased continually as government expenditures on health care and public pensions spiral. As debt-to-GDP ratios increase further, investor confidence in government commitment to repay debts will erode. The problem, at its root, i ...
Stochastic pension funding when the benefit and the risky asset
Stochastic pension funding when the benefit and the risky asset

... The objective of this paper is to study the asset allocation of defined benefit pension plans of the type designed and sponsored by firms with the aim of providing a lifetime pension to the employees at the age of retirement. A pension plan may serve as an instrument to reallocate individuals’ wealt ...
over 1985-2001, with reference to certain key indicators that help... adequacy and effectiveness of available resources, highlight areas of concern, Chapter-10 M
over 1985-2001, with reference to certain key indicators that help... adequacy and effectiveness of available resources, highlight areas of concern, Chapter-10 M

... the adequacy of the present flow of resources for the provision of current services. Revenue receipts comprise both tax and non-tax receipts and also captures the element of recovery of user charges for social and economic services provided by the government. The second indicator of adequacy of reso ...
Honduras_en.pdf
Honduras_en.pdf

... increased by 5.1% on September 2012 figures, largely as a result of the significant increase (42.3%) in debt interest payments. In the third quarter of 2013, Honduras’s total public debt stood at 39% of GDP (as against 35% of GDP at the end of 2012). The rate at which the debt has been growing in re ...
Modeling of sustainability of pension system – case of
Modeling of sustainability of pension system – case of

... planned term in 1st of January 2009 at parity level 31.7 SKK/EUR. We do expect the significant changes in the cash flow allocation of structural funds with respect to National Strategic Reference Framework for financial period 2007 – 2013 (expected allocations in this period are slightly more than 1 ...
SAMPLE EXAM QUESTIONS FOR FALL 2013 ECON3310
SAMPLE EXAM QUESTIONS FOR FALL 2013 ECON3310

... 6. According to the life-cycle model, the average propensity to consume does not fall as income increases in the long run because: A) wealth and income grow together. B) as income increases wealth decreases. C) saving is constant over the life cycle. D) wealth is constant over the life cycle. 7. Ne ...
Slide 1
Slide 1

... MORE INVESTMENT DEMAND (SHIFT CURVE TO THE RIGHT) a. ACQUISITION, MAINTENANCE, AND OPERATING COSTS MAY CHANGE b. BUSINESS TAXES MAY CHANGE c. TECHNOLOGY MAY CHANGE d. STOCK OF CAPITAL GOODS ON HAND WILL AFFECT NEW INVESTMENT e. EXPECTATIONS CAN CHANGE THE VIEW OF EXPECTED PROFITS F. INVESTMENT IS A ...
SOCIAL SECURITY’S FINANCIAL OUTLOOK: THE 2014 UPDATE IN PERSPECTIVE Introduction The 2014 Report
SOCIAL SECURITY’S FINANCIAL OUTLOOK: THE 2014 UPDATE IN PERSPECTIVE Introduction The 2014 Report

... would have to contribute less than 10 percent annually to generate a fund adequate to pay benefits equal to 36 percent of earnings. (This calculation assumes the Social Security Trustees’ ultimate real interest rate of 2.9 percent, and that individuals begin contributing at age 25 and retire at age ...
Paper
Paper

... Life expectancy and fertility rates are the key factors of ageing populations in the world. The likely evolutions of these factors suggest an inescapable rise in the share of elderly people in the overall population; this sharp increase in dependency ratios will have important impacts on public fina ...
Argentina_en.pdf
Argentina_en.pdf

... sector rose by almost 31% in the first nine months of the year if those funds are not included, or 40% if they are. Primary spending soared by almost 45%. As a result, the primary surplus is estimated to have fallen to about 1.9% of GDP during the period (2.7% if the transfer of accumulated funds is ...
A New Strategy for Social Security Investment in Latin America
A New Strategy for Social Security Investment in Latin America

... investors in a balanced portfolio of stocks and bonds has been about 6.5 percent. In addition, the federal, state and local governments collect taxes equal to about 3.5 cents per year for every extra dollar of capital put in place. So all together the national real rate of return on incremental savi ...
GMB (UK) - Low Pay Commission
GMB (UK) - Low Pay Commission

... also state-subsidised employers. Whilst we appreciate that the minimum wage is not a living wage, if NMW rates were to move towards Living Wage, this would save the Treasury billions as workers earning more would receive fewer benefits while employers pay more in payroll taxes. GMB feels it is impor ...
Government Budget
Government Budget

... • Social Security Tax– 6.2% of salary on first $110,000 income – Why: Gov’t pension starting at 65 (or older) ...
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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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