Long-term fiscal projections and their relationship with the intertemporal budget constraint: An application to New Zealand
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Joseph Quinn & Richard Burkhauser & Kevin Cahill & Robert Weathers, 1998. "Microeconometric Analysis of the Retirement Decision: United States," OECD Economics Department Working Papers 203, OECD Publishing.
- John Creedy, 1998. "Pensions and Population Ageing," Books, Edward Elgar Publishing, number 1490.
- Higgins, Matthew, 1998.
"Demography, National Savings, and International Capital Flows,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(2), pages 343-369, May.
- Matthew Higgins, 1997. "Demography, national savings and international capital flows," Staff Reports 34, Federal Reserve Bank of New York.
- Sveinbjörn Blöndal & Stefano Scarpetta, 1999. "The Retirement Decision in OECD Countries," OECD Economics Department Working Papers 202, OECD Publishing.
- 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.
- Börsch-Supan, Axel & Ludwig, Alexander & Winter, Joachim, 2001. "Aging, pension reform, and capital flows: a multi-country simulation model," Papers 01-08, Sonderforschungsbreich 504.
- Axel Boersch-Supan & Alexander Ludwig, 2005. "Aging, pension reform, and capital flows: A multi-country simulation model," Computing in Economics and Finance 2005 123, Society for Computational Economics.
- Axel Boersch-Supan & Alexander Ludwig & Joachim Winter, 2005. "Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model," NBER Working Papers 11850, National Bureau of Economic Research, Inc.
- Ludwig, Alexander & Winter, Joachim & Börsch-Supan, Axel, 2003. "Aging, pension reform, and capital flows: A multi-country simulation model," MEA discussion paper series 03028, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Axel Börsch-Supan & Alexander Ludwig & Joachim Winter, 2002. "Aging, pension reform and capital flows: a multi-country simulation model," Computing in Economics and Finance 2002 108, Society for Computational Economics.
- Börsch-Supan, Axel & Ludwig, Alexander & Winter, Joachim, 2001. "Aging, pension reform, and capital flows: A multi-country simulation model," Sonderforschungsbereich 504 Publications 01-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Börsch-Supan, Axel & Ludwig, Alexander & Winter, Joachim, 2004. "Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model," MEA discussion paper series 04064, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- J. Bradford De Long & Lawrence H. Summers, 1991.
"Equipment Investment and Economic Growth,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 445-502.
- J. Bradford De Long & Lawrence H. Summers, "undated". "Equipment Investment and Economic Growth," J. Bradford De Long's Working Papers _122, University of California at Berkeley, Economics Department.
- J. Bradford De Long & Lawrence H. Summers, 1990. "Equipment Investment and Economic Growth," NBER Working Papers 3515, National Bureau of Economic Research, Inc.
- Guest, R.S. & McDonald, I.M., 1999. "Ageing, Immigration and Optimal National Saving in Australia. a," Department of Economics - Working Papers Series 690, The University of Melbourne.
- Guest, Ross & McDonald, Ian, 2001. "The Impact of Population Aging on the Socially Optimal Rate of National Saving: A Comparison of Australia and Japan," Review of Development Economics, Wiley Blackwell, vol. 5(2), pages 312-327, June.
- Ross S. Guest & Ian M. McDonald, 2000.
"Population Ageing and Projections of Government Social Outlays in Australia,"
Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 33(1), pages 49-64, March.
- Guest, R.S. & McDonald, I.M., 1999. "Population Ageing and Projections of Government Social Outlays in Australia," Department of Economics - Working Papers Series 689, The University of Melbourne.
- ROSS GUEST & IAN McDONALD, 1999. "The Effect Of Population Ageing On The Distribution Of Taxable Incomes Of Individuals In Australia," Economic Papers, The Economic Society of Australia, vol. 18(3), pages 34-48, September.
- Mr. Ian S McDonald & Serge Bésanger & Ross Guest, 2000. "Demographic Change in Asia: The Impacton Optimal National Saving, Investment, and the Current Account," IMF Working Papers 2000/115, International Monetary Fund.
- Peter S. Yoo, 1997. "Population growth and asset prices," Working Papers 1997-016, Federal Reserve Bank of St. Louis.
- Richard Disney, 1996. "Can We Afford to Grow Older?," MIT Press Books, The MIT Press, edition 1, volume 1, number 026204157x, December.
- Steven Haider & David S Loughran, 2001. "Elderly Labor Supply Work or Play?," Working Papers DRU-2582, RAND Corporation.
- James J. Heckman & Robert J. Willis, 1976.
"Estimation of a Stochastic Model of Reproduction: An Econometric Approach,"
NBER Chapters, in: Household Production and Consumption, pages 99-146,
National Bureau of Economic Research, Inc.
- James J. Heckman & Robert J. Willis, 1974. "Estimation of a Stochastic Model of Reproduction: An Econometric Approach," NBER Working Papers 0034, National Bureau of Economic Research, Inc.
- Li, Hongbin & Zhang, Jie & Zhang, Junsen, 2007.
"Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries,"
Journal of Development Economics, Elsevier, vol. 84(1), pages 138-154, September.
- Hongbin Li & Junsen Zhang & Jie Zhang, "undated". "Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries," MRG Discussion Paper Series 1106, School of Economics, University of Queensland, Australia.
- Mr. Steven A. Symansky & Mr. Peter S. Heller, 1997. "Implications for Savings of Aging in the Asian “Tigers”," IMF Working Papers 1997/136, International Monetary Fund.
- Robin L. Lumsdaine, 1995. "Factors Affecting Labor Supply Decisions and Retirement Income," NBER Working Papers 5223, National Bureau of Economic Research, Inc.
- Andrew B. Abel, 2001.
"Will Bequests Attenuate The Predicted Meltdown In Stock Prices When Baby Boomers Retire?,"
The Review of Economics and Statistics, MIT Press, vol. 83(4), pages 589-595, November.
- Andrew B. Abel, 2001. "Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?," NBER Working Papers 8131, National Bureau of Economic Research, Inc.
- Andrew B. Abel, 2001. "Will bequests attenuate the predicted meltdown in stock prices when baby boomers retire?," Working Papers 01-2, Federal Reserve Bank of Philadelphia.
- David A. Wise, 1996. "Advances in the Economics of Aging," NBER Books, National Bureau of Economic Research, Inc, number wise96-1.
- Gary S. Becker & Robert J. Barro, 1988.
"A Reformulation of the Economic Theory of Fertility,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(1), pages 1-25.
- Gary S. Becker & Robert J. Barro, "undated". "A Reformulation of the Economic Theory of Fertility," University of Chicago - Population Research Center 85-11, Chicago - Population Research Center.
- Gary S. Becker & Robert J. Barro, 1986. "A Reformulation of the Economic Theory of Fertility," NBER Working Papers 1793, National Bureau of Economic Research, Inc.
- Matthew Higgins & Jeffrey G. Williamson, 1996. "Asian Demography and Foreign Capital Dependence," NBER Working Papers 5560, National Bureau of Economic Research, Inc.
- Jacques Poot & Jacques J. Siegers, 2001. "The macroeconomics of fertility in small open economies: A test of the Becker-Barro model for The Netherlands and New Zealand," Journal of Population Economics, Springer;European Society for Population Economics, vol. 14(1), pages 73-100.
- Wai Kin Choy & David C Mare & Peter Mawson, 2002. "Modelling Regional Labour Market Adjustment in New Zealand," Treasury Working Paper Series 02/01, New Zealand Treasury.
- Richard Cantor & Frank Packer, 1996.
"Determinants and impact of sovereign credit ratings,"
Economic Policy Review, Federal Reserve Bank of New York, vol. 2(Oct), pages 37-53.
- Richard Cantor & Frank Packer, 1996. "Determinants and impacts of sovereign credit ratings," Research Paper 9608, Federal Reserve Bank of New York.
- Ronald Lee & Ryan Edwards, 2002. "The Fiscal Effects of Population Aging in the US: Assessing the Uncertainties," NBER Chapters, in: Tax Policy and the Economy, Volume 16, pages 141-180, National Bureau of Economic Research, Inc.
- Guest, Ross & McDonald, Ian, 2002. "Superannuation, Population Ageing and Living Standards in Australia," Economic Analysis and Policy, Elsevier, vol. 32(1), pages 19-33, March.
- Guest, R.S. & McDonald, I.M., 1999. "Demographic Change in Asia: the Impact on Optimal National Saving, Investment and the Current Account," Department of Economics - Working Papers Series 726, The University of Melbourne.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Robert A Buckle & Amy A Cruickshank, 2013. "The Requirements for Long-Run Fiscal Sustainability," Treasury Working Paper Series 13/20, New Zealand Treasury.
- David Gruen & Matthew Garbutt, 2004. "The long term fiscal implications of raising Australian labour force participation or productivity growth," Treasury Working Papers 2004-01, The Treasury, Australian Government, revised Apr 2004.
- Felicity C Barker & Robert A Buckle & Robert W St Clair, 2008. "Roles of Fiscal Policy in New Zealand," Treasury Working Paper Series 08/02, New Zealand Treasury.
- -, 2003. "Budget reform in OECD member countries: common trends," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34911, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Kurniawan, Rudi, 2012. "Sustainability of Fiscal Policy and Government Revenue-Expenditure Nexus: The Experience of Indonesia," MPRA Paper 65883, University Library of Munich, Germany.
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.- Börsch-Supan, Axel & Ludwig, Alexander & Sommer, Mathias, 2005.
"Aging and asset prices,"
Papers
07-29, Sonderforschungsbreich 504.
- Börsch-Supan, Axel & Ludwig, Alexander & Sommer, Mathias, 2005. "Aging and Asset Prices," Sonderforschungsbereich 504 Publications 07-29, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Börsch-Supan, Axel & Ludwig, Alexander & Sommer, Mathias, 2007. "Aging and Asset Prices," MEA discussion paper series 07129, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- 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.
- Börsch-Supan, Axel & Ludwig, Alexander & Winter, Joachim, 2001. "Aging, pension reform, and capital flows: a multi-country simulation model," Papers 01-08, Sonderforschungsbreich 504.
- Axel Boersch-Supan & Alexander Ludwig & Joachim Winter, 2005. "Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model," NBER Working Papers 11850, National Bureau of Economic Research, Inc.
- Axel Boersch-Supan & Alexander Ludwig, 2005. "Aging, pension reform, and capital flows: A multi-country simulation model," Computing in Economics and Finance 2005 123, Society for Computational Economics.
- Ludwig, Alexander & Winter, Joachim & Börsch-Supan, Axel, 2003. "Aging, pension reform, and capital flows: A multi-country simulation model," MEA discussion paper series 03028, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Börsch-Supan, Axel & Ludwig, Alexander & Winter, Joachim, 2001. "Aging, pension reform, and capital flows: A multi-country simulation model," Sonderforschungsbereich 504 Publications 01-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Axel Börsch-Supan & Alexander Ludwig & Joachim Winter, 2002. "Aging, pension reform and capital flows: a multi-country simulation model," Computing in Economics and Finance 2002 108, Society for Computational Economics.
- Börsch-Supan, Axel & Ludwig, Alexander & Winter, Joachim, 2004. "Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model," MEA discussion paper series 04064, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Zsofia Barany & Nicolas Coeurdacier & Stéphane Guibaud, 2015.
"Fertility, Longevity and International Capital Flows,"
Sciences Po publications
info:hdl:2441/5402sfihji9, Sciences Po.
- Zsofia Barany & Nicolas Coeurdacier & Stéphane Guibaud, 2015. "Fertility, Longevity and International Capital Flows," SciencePo Working papers Main hal-01164462, HAL.
- Zsofia Barany & Nicolas Coeurdacier & Stéphane Guibaud, 2015. "Fertility, Longevity and International Capital Flows," Working Papers hal-01164462, HAL.
- Dramane Coulibaly & Blaise Gnimassoun & Valérie Mignon, 2018.
"The tale of two international phenomena: International migration and global imbalances,"
Working Papers
2018-02, CEPII research center.
- Dramane Coulibaly & Blaise Gnimassoun & Valérie Mignon, 2018. "The tale of two international phenomena: International migration and global imbalances," EconomiX Working Papers 2018-24, University of Paris Nanterre, EconomiX.
- Dramane Coulibaly & Blaise Gnimassoun & Valérie Mignon, 2018. "The tale of two international phenomena: International migration and global imbalances," Working Papers of BETA 2018-10, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Dramane Coulibaly & Blaise Gnimassoun & Valérie Mignon, 2018. "The tale of two international phenomena: International migration and global imbalances," Working Papers hal-04141773, HAL.
- Lee, R., 2016.
"Macroeconomics, Aging, and Growth,"
Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 59-118,
Elsevier.
- Ronald Lee, 2016. "Macroeconomics, Aging and Growth," NBER Working Papers 22310, National Bureau of Economic Research, Inc.
- Zsofia Barany & Nicolas Coeurdacier & Stéphane Guibaud, 2015. "Fertility, Longevity and International Capital Flows," SciencePo Working papers hal-01164462, HAL.
- Börsch-Supan, Axel, 2004. "Global Aging: Issues, Answers, More Questions," MEA discussion paper series 04055, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Attanasio, Orazio & Kitao, Sagiri & Violante, Giovanni L., 2007.
"Global demographic trends and social security reform,"
Journal of Monetary Economics, Elsevier, vol. 54(1), pages 144-198, January.
- Attanasio Orazio P. & Gianluca Violante, 1999. "Global Demographic Trends and Social Security Reform," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, September.
- Adrien Auclert & Hannes Malmberg & Frederic Martenet & Matthew Rognlie, 2021.
"Demographics, Wealth, and Global Imbalances in the Twenty-First Century,"
NBER Working Papers
29161, National Bureau of Economic Research, Inc.
- Auclert, Adrien & Malmberg, Hannes & Martenet, Frederic & Rognlie, Matthew, 2021. "Demographics, Wealth, and Global Imbalances in the Twenty-First Century," CEPR Discussion Papers 16470, C.E.P.R. Discussion Papers.
- F. Gerard Adams & Byron Gangnes, 2000. "Will Japan's Current Account Turn to Deficit?," Working Papers 200010, University of Hawaii at Manoa, Department of Economics.
- repec:hal:spmain:info:hdl:2441/5402sfihji9vea8rb66cd9nphe is not listed on IDEAS
- Jeff Borland, 2005. "Transitions to Retirement: A Review," Melbourne Institute Working Paper Series wp2005n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Mann, Katja & Davenport, Margaret, 2016. "Demography, Capital Flows and Asset Allocation over the Life-cycle," VfS Annual Conference 2016 (Augsburg): Demographic Change 145948, Verein für Socialpolitik / German Economic Association.
- Mr. Serkan Arslanalp & Mr. Jaewoo Lee & Umang Rawat, 2018. "Demographics and Interest Rates in Asia," IMF Working Papers 2018/172, International Monetary Fund.
- Nicolas Coeurdacier, 2016.
"Fertility, Longevity, and Capital Flows,"
2016 Meeting Papers
442, Society for Economic Dynamics.
- Bárány, Zsófia & Coeurdacier, Nicolas & Guibaud, Stéphane, 2016. "Fertility, Longevity, and Capital Flows," Economics Series 321, Institute for Advanced Studies.
- Casper van Ewijk & Erik Canton & Paul Tang, 2004. "Ageing and international capital flows," CPB Document 43.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Elwin Tobing, 2012. "Demography and cross-country differences in savings rates: a new approach and evidence," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(3), pages 963-987, July.
- Schmidt, Torsten & Vosen, Simeon, 2013.
"Demographic change and the labour share of income,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 26(1), pages 357-378.
- Torsten Schmidt & Simeon Vosen, 2013. "Demographic change and the labour share of income," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(1), pages 357-378, January.
- Schmidt, Torsten & Vosen, Simeon, 2010. "Demographic Change and the Labour Share of Income," Ruhr Economic Papers 165, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Coulibaly, Dramane & Gnimassoun, Blaise & Mignon, Valérie, 2020.
"The tale of two international phenomena: Migration and global imbalances,"
Journal of Macroeconomics, Elsevier, vol. 66(C).
- Valérie Mignon & Dramane Coulibaly & Blaise Gnimassoun, 2020. "The tale of two international phenomena: Migration and global imbalances," Post-Print hal-02914098, HAL.
- Barry P. Bosworth & Ralph C. Bryant & Gary Burtless, 2004. "The Impact of Aging on Financial Markets and the Economy: A Survey," Working Papers, Center for Retirement Research at Boston College 2004-23, Center for Retirement Research.
- Börsch-Supan, Axel, 2004. "Global aging : issues, answers, more questions," Papers 07-28, Sonderforschungsbreich 504.
More about this item
Keywords
Long-term fiscal imbalance; intertemporal budget constraint;JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
Statistics
Access and download statisticsCorrections
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:nzt:nztwps:02/05. 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: CSS Web and Publishing, The Treasury (email available below). General contact details of provider: https://edirc.repec.org/data/tregvnz.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.