Series: IMF Working Papers
Author(s): Philip Gerson , George Mackenzie , Peter Heller , and Alfredo Cuevas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2001
Keywords: old age pension, pension reform, pension, public pension, individual accounts, pension system,
The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the stance of fiscal policy. The reform's impact on the fiscal stance and national saving depends pri...