Over the next few decades, the world will experience significant demographic shifts, with material fiscal implications. In many advanced and emerging market eco

Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and b

This paper discusses the role of fiscal policy and demographics. By the end of this century, about two-thirds of all countries are expected to have declining po

An analyses the effect of changing demography in the US and elsewhere on tax revenues and public programmes.

Serious research into the causes and implications of an aging population is a relatively recent phenomenon. Though several relevant issues of aging havereceived