European Parliament Library

Russian Federation, Selected Issues, International Monetary Fund

Abstract
This Selected Issues paper for the Russian Federation discusses existing empirical efforts to measure the determinants of cross-country financial integration. Empirical studies that have adopted the gravity-model framework have found that it is generally successful in explaining bilateral financial flows. If the pension gap were to be financed through the budget, the model simulations suggest that fiscal room is best created by lowering government consumption. Consideration should be given to outsourcing the management of the mandatory contributions to private asset managers
Table Of Contents
Cover; Contents; I. The Macroeconomic Effects of Pension Reform; A. Introduction; B. The Case for Pension Reform; Text Figures; 1. Replacement Rate of Public System; C. Encouraging Private Saving; D. Stabilizing the Replacement Rate of the Public System; 2. Additional Funding Need Under Two Scenarios, Percent of GDP; 3. Oil Stabilization and National Welfare Funds in Percent of GDP; E. Macroeconomic Effects of Financing Options; 4. Debt-Financed Increase in Transfers; 5. Tax-Financed Increase in Transfers; 6. Expenditure-Financed Increase in Transfers; F. Conclusions; Appendix
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (46 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283560702

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