IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2007-071.html
   My bibliography  Save this paper

Cyprus: Selected Issues

Author

Listed:
  • International Monetary Fund

Abstract

This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal sustainability for Cyprus. The study analyzes the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging. It goes beyond a simple quantification of the fiscal impact by explicitly examining the trade-offs of alternative policies within the context of a general equilibrium overlapping generation framework. It is concluded that addressing the fiscal consequences of aging will require increasing the retirement age to 65 years, followed by further increases to keep up with demographic trends.

Suggested Citation

  • International Monetary Fund, 2007. "Cyprus: Selected Issues," IMF Staff Country Reports 2007/071, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/071
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20454
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Monetary Fund, 2005. "Chile: Staff Report for the 2005 Article IV Consultation: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/315, International Monetary Fund.
    2. Axel Börsch‐Supan & Alexander Ludwig & Joachim Winter, 2006. "Ageing, Pension Reform and Capital Flows: A Multi‐Country Simulation Model," Economica, London School of Economics and Political Science, vol. 73(292), pages 625-658, November.
    3. International Monetary Fund, 2005. "Finland: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2005/035, International Monetary Fund.
    4. International Monetary Fund, 2005. "Ireland: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/369, International Monetary Fund.
    5. International Monetary Fund, 2004. "Nigeria: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/239, International Monetary Fund.
    6. International Monetary Fund, 2004. "Guinea: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/392, International Monetary Fund.
    7. International Monetary Fund, 2004. "Rwanda: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/382, International Monetary Fund.
    8. Martin Feldstein & Horst Siebert, 2002. "Social Security Pension Reform in Europe," NBER Books, National Bureau of Economic Research, Inc, number feld02-2.
    9. International Monetary Fund, 2005. "Greece: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2005/043, International Monetary Fund.
    10. International Monetary Fund, 2005. "Guatemala: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/362, International Monetary Fund.
    11. International Monetary Fund, 2005. "Morocco: Staff Report for the 2005 Article IV Consultation," IMF Staff Country Reports 2005/418, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ana María Jul, 2006. "Off-Budget Operations: Report," IDB Publications (Working Papers) 23838, Inter-American Development Bank.
    2. Robert M Stern, 2009. "Trade in Financial Services--Has the IMF Been Involved Constructively?," Working Papers 587, Research Seminar in International Economics, University of Michigan.
    3. Robert M. Stern, 2011. "Trade in Financial Services—Has the IMF been Involved Constructively?," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 5(1), pages 65-92, February.
    4. Daniel Artana & Wendell Thomas & Liliana Rojas-Suárez & Fernando Navajas & Juan Luis Bour & Christopher Vignoles & Dennis Brown & Fidel Jaramillo & Deryck Omar & Rolph Balgobin & Anneke Jessen & Carlo, 2006. "From Growth to Prosperity: Policy Perspectives for Trinidad and Tobago," IDB Publications (Books), Inter-American Development Bank, number 34358 edited by Liliana Rojas-Suárez & Carlos Elías, February.
    5. Tamon Asonuma & Mike Xin Li & Saji Thomas & Michael G. Papaioannou & Eriko Togo, 2018. "Sustainability and Equity Challenges to Pension Systems: The Case of Lebanon," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(10), pages 67-106, December.
    6. Hammermann, Felix & Flanagan, Mark, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," Kiel Working Papers 1373, Kiel Institute for the World Economy (IfW Kiel).
    7. Artana, Daniel & Thomas, Wendell & Rojas-Suárez, Liliana & Navajas, Fernando & Bour, Juan Luis & Vignoles, Christopher & Brown, Dennis & Jaramillo, Fidel & Omar, Deryck & Balgobin, Rolph & Jessen, Ann, 2006. "From Growth to Prosperity: Policy Perspectives for Trinidad and Tobago," IDB Publications (Books), Inter-American Development Bank, number 278, November.
    8. World Bank, 2007. "An Assessment of the Investment Climate in Botswana : Volume I, Main Report," World Bank Publications - Reports 7093, The World Bank Group.
    9. Mr. Erik J. Lundback, 2008. "Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience," IMF Working Papers 2008/163, International Monetary Fund.
    10. repec:ilo:ilowps:484309 is not listed on IDEAS
    11. Sunyoung Noh & Jai S. Mah, 2011. "The Patterns of Japan’s Foreign Direct Investment in China," China Report, , vol. 47(3), pages 217-232, August.
    12. Honohan, Patrick & Donovan, Donal & Gorecki, Paul & Mottiar, Rafique, 2010. "The Irish Banking Crisis: Regulatory and Financial Stability Policy," MPRA Paper 24896, University Library of Munich, Germany.
    13. Ramcharan, Rodney, 2007. "Does the exchange rate regime matter for real shocks? Evidence from windstorms and earthquakes," Journal of International Economics, Elsevier, vol. 73(1), pages 31-47, September.
    14. Francesco Spadafora & Mr. Emidio Cocozza & Mr. Andrea Colabella, 2011. "The Impact of the Global Crisison South-Eastern Europe," IMF Working Papers 2011/300, International Monetary Fund.
    15. David Rosnick & Mark Weisbrot, 2007. "Political Forecasting? The IMF's Flawed Growth Projections for Argentina and Venezuela," CEPR Reports and Issue Briefs 2007-10, Center for Economic and Policy Research (CEPR).
    16. Danny Cassimon & Marin Ferry & Marc Raffinot & Bjorn Van Campenhout, 2013. "Dynamic fiscal impact of the debt relief initiatives on african heavily indebted poor countries (HIPCs)," Working Papers DT/2013/01, DIAL (Développement, Institutions et Mondialisation).
    17. De la Cruz, Javier & Stephanou, Constantinos, 2006. "Financial system structure in Colombia : a proposal for a reform agenda," Policy Research Working Paper Series 4006, The World Bank.
    18. repec:ilo:ilowps:994835833402676 is not listed on IDEAS
    19. International Monetary Fund, 2006. "Switzerland: Selected Issues," IMF Staff Country Reports 2006/203, International Monetary Fund.
    20. repec:idb:brikps:278 is not listed on IDEAS
    21. Mr. Mark J Flanagan & Mr. Felix Hammermann, 2007. "What Explains Persistent Inflation Differentials Across Transition Economies?," IMF Working Papers 2007/189, International Monetary Fund.
    22. repec:onb:oenbwp:y:2006:i:12:b:1 is not listed on IDEAS
    23. Jai S. Mah, 2007. "Export Promotion Policies and Economic Development of China," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 10(1), pages 23-38, March.
    24. repec:ilo:ilowps:483583 is not listed on IDEAS
    25. Cheng, Hui Fang & Gutierrez, Margarida & Mahajan, Arvind & Shachmurove, Yochanan & Shahrokhi, Manuchehr, 2007. "A future global economy to be built by BRICs," Global Finance Journal, Elsevier, vol. 18(2), pages 143-156.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2007/071. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.