Wising Up to the Rising Costs of Aging Populations

2017-04-15T14:19:31-04:00August 14, 2011|

The world is on the threshold of a stunning demographic transformation caused by falling fertility and rising life expectancy. Global aging promises to affect every dimension of economic, social, and political life—from the shape of the family to the shape of the world order.

Post-Crisis: What Should Be the Goal of a Fiscal Exit Strategy?

2017-04-15T14:43:23-04:00November 16, 2009|

One obvious fallout of the global financial crisis is a huge deterioration in fiscal conditions, particularly in advanced countries. The numbers are nothing short of staggering. Gross general government debt in the G-20 advanced economies is projected to approach 120 percent of GDP by 2014, up from about 80 percent in 2007, and this is even assuming no renewal of fiscal stimulus beyond 2010.
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