 | Fiscal Policies to Address Climate Change in Asia and the Pacific Author/Editor: Era Dabla-Norris, James Daniel, Masahiro Nozaki, Cristian Alonso, Vybhavi Balasundharam, Matthieu Bellon, Chuling Chen, David Corvino, Joey Kilpatrick. Release Date:March, 2021 Climate change is one of the greatest challenges facing policymakers worldwide, and the stakes are particularly high for Asia and the Pacific. This paper analyzes how fiscal policy can address more...
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 | Long-Run Biological Interest Rate for Pay-As-You-Go Pensions in Advanced and Developing Countries Author/Editor: Masahiro Nozaki. Release Date:April, 2017 How much of an internal rate of return would a sustainable pay-as-you-go pension system offer
current and future generations equally? The answer is the sum of the Long-Run Biological
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 | Health Spending in Japan: Macro-Fiscal Implications and Reform Options Author/Editor: Masahiro Nozaki, Kenichiro Kashiwase, Ikuo Saito. Release Date:August, 2014 Health spending has risen rapidly in Japan. We find two-thirds of the spending increase over 1990–2011 resulted from ageing, and the rest from excess cost growth. The spending level will rise more...
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 | Pension Reforms in Japan Author/Editor: Kenichiro Kashiwase, Masahiro Nozaki, Kiichi Tokuoka. Release Date:December, 2012 This paper analyzes various reform options for Japan’s public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility more...
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 | What Happens to Social Spending in IMF-Supported Programs? Author/Editor: Masahiro Nozaki, Benedict J Clements, Sanjeev Gupta. Release Date:August, 2011 The Fund continues to be criticized for squeezing social spending in developing countries. This paper will examine trends in health and education spending in countries with and without Fund-supported more...
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 | Do Currency Fundamentals Matter for Currency Speculators? Author/Editor: Masahiro Nozaki. Release Date:February, 2010 The answer seems affirmative. We compare currency carry trades with an investment strategy based on currency fundamentals: taking a long (short) position in undervalued (overvalued) currencies. Carry more...
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 | Suriname Author/Editor: Masahiro Nozaki, Tobias Roy, Pawel Dyczewski, Bernhard Fritz-Krockow, Fanny M Torres Gavela, Gamal Z El-Masry, Rafael A Portillo. Release Date:March, 2009 This paper analyzes the economic growth and stability in Suriname. The paper highlights that in recent years, the outlook has turned substantively more positive. The favorable external environment more...
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 | Suriname Author/Editor: Masahiro Nozaki, Tobias Roy, Pawel Dyczewski, Bernhard Fritz-Krockow, Fanny M Torres Gavela, Gamal Z El-Masry, Rafael A Portillo. Release Date:March, 2009 This paper analyzes the economic growth and stability in Suriname. The paper highlights that in recent years, the outlook has turned substantively more positive. The favorable external environment more...
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 | Financial Dollarization in Latin America Author/Editor: Robert Rennhack, Masahiro Nozaki. Release Date:January, 2006 This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results provide evidence that FD is a rational response to inflation uncertainty. The more...
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