Global Aging and Declining World Interest Rates: Macroeconomic Insurance Through Pension Reform in Cyprus Mario Catalan

ISBN: 9781282840539

Published: May 9th 2014

ebook

40 pages


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Global Aging and Declining World Interest Rates: Macroeconomic Insurance Through Pension Reform in Cyprus  by  Mario Catalan

Global Aging and Declining World Interest Rates: Macroeconomic Insurance Through Pension Reform in Cyprus by Mario Catalan
May 9th 2014 | ebook | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 40 pages | ISBN: 9781282840539 | 9.59 Mb

In this paper, the IMFs new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivityMoreIn this paper, the IMFs new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a significant portion of the relative decline in the importance of goods production.

Over the 1995 to 2004 period, unbalanced growth explains more than 80 percent of the decline in goods production in both countries.



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