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International Monetary Fund
The Selected Issues paper examines policy challenges for inflation targeting in Hungary. It highlights that inflation targeting has been met with much initial success. A well-defined policy framework helped guide inflation expectations and provided an initial impetus toward resuming disinflation. The paper also focuses on the impact of aging on the public pension system. It describes the background underlying Hungary’s current pension system, and provides a review of some of the recent work assessing Hungary’s pension system viability.
International Monetary Fund. External Relations Dept.
In conjunction with its annual Article IV consultation with Japan, IMF staff prepared a background paper (Japan-Selected Issues) on a number of key topics. Two chapters of that paper dealt with the macroeconomic and fiscal implications of Japan's aging population. The authors-Hamid Faruqee, an Economist in the Research Department, and Martin Mühleisen, an Economist in the Asia and Pacific Department-speak with the IMF Survey about their findings.