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Who will pay? : coping with aging societies, climate change, and other long-term fiscal challenges / Peter S. Heller ; foreword by Jeffrey D. Sachs.

By: Contributor(s): Material type: TextTextPublisher: [Washington, D.C.] : International Monetary Fund, [2003]Copyright date: ©2003Description: 1 online resource (xiv, 315 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781455210596
  • 1455210595
  • 128353651X
  • 9781283536516
Subject(s): Genre/Form: Additional physical formats: Print version:: Who will pay?DDC classification:
  • 339.5/2 22
LOC classification:
  • HJ192.5 .H45 2003eb
Other classification:
  • 83.52
Online resources:
Contents:
Introduction and overview. -- Why consider long-term issues in thinking about fiscal policy? -- How government (and academics) address long-term issues in fiscal policy planning. -- Some conceptual issues in addressing long-term fiscal developments. -- The way forward: embedding long-term issues in the fiscal policy framework. -- Summary and conclusions.
Abstract: Aging populations. Weather shocks. Scarce water. Globalization. Security threats. Policymakers today confront a number of developments that threaten to burden public budgets for decades to come, or bankrupt some entirely. This book argues that governments need to make policy changes now to take account of the potential fiscal consequences of these developments. After describing how, if at all, analysts, national governments, and international organizations currently address these long-term issues, the book stresses the vital need for a multipronged approach, involving strengthened analyses, greater attention to long-term issues and risk factors in budgeting, and institutional reforms that address the myopic biases of politicians and the public.
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Includes bibliographical references (pages 273-290) and index.

Introduction and overview. -- Why consider long-term issues in thinking about fiscal policy? -- How government (and academics) address long-term issues in fiscal policy planning. -- Some conceptual issues in addressing long-term fiscal developments. -- The way forward: embedding long-term issues in the fiscal policy framework. -- Summary and conclusions.

Aging populations. Weather shocks. Scarce water. Globalization. Security threats. Policymakers today confront a number of developments that threaten to burden public budgets for decades to come, or bankrupt some entirely. This book argues that governments need to make policy changes now to take account of the potential fiscal consequences of these developments. After describing how, if at all, analysts, national governments, and international organizations currently address these long-term issues, the book stresses the vital need for a multipronged approach, involving strengthened analyses, greater attention to long-term issues and risk factors in budgeting, and institutional reforms that address the myopic biases of politicians and the public.

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